The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[18]
. What i get for asking questions I guess, If you really wanna know, get off my lazy a** and find out for myself.lol Demi-God... has anyone ever took the time to find Mr. Elliot's track record of actual investing? Good luck finding it...
From wiki(yes wiki): About the demi-god himself Robert Prechter the so called savior of Elliot's masterpiece
While Prechter has his admirers, he has been criticised by media and pundits. For example, the Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow--But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial...
demi god was a good one wasnt it
- moral of the story
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Thats a depressing existence, to get signals from someone else. If im not able to do it on my own then I shouldnt be doing it. You can keep your signals
Thanks anyways
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