I like very much Ross Beck with his quote about " the Elliott Wave obsessive compulsive disorder " (EWOCD) {image}
Hi everybody :-)
Very nice quote :-)
As you might know, i am a Elliott Wave trader. Nevertheless, I think, that Prechter et. al. make a big fuss and use it as, literally, "universal" selling point.
More critical than their attempt to sell the principle as ubiquiterian, is their explanation to the question, how or if quant trading etc. would influence the "waves".
They simply state, that since quants are programmed by humans, the waves would still survive.
How can they make such statements without delivering evidence? Over the years I find it more and more challenging to make compelling counts.
I think the reason that I stay profitable is primarily my risk management.
If the waves are that clear, sooner or later self learning quants will notice it and develop the "anti-EW-quant".
How many times since the low in SP500 in 2009 have they (Prechter et.al.) declared, that the top is in? Sometimes in the future they will be right like a broken watch.
BTW: nice thread here. Keep up the good work......
