Come to think of it---that explanation from the Bill Williams book just looks like mumbo-jumbo to me!
DislikedOk..here my comment.
"Satni said... Hi Orvinfive,
The arguements appears logical,its would be valid,if posted 20 years back then.
However,with the advances in Quantum Science, Dr Bill Williams and his associates, have proven with use of fractal studies(one the main tools for Quantum Science) that Elliot Waves have been proven true
Check it Out! "
Here it is: Extract from " New Trading Dimensions by Bill Williams"
For further...Ignored