Sorry to disappointThis is my first time in this forum - but love EW - it's never wrong - only the way one reads it
Couldnt the same be said of ANY form of analysis? Its all right in theory, rarely in practice
It depends, EW has a set of very defined rules that need to obeyed that operate at all degrees in the market. I'm not certain, that other methods are so concise.
Sigh...I think maybe we should have a separate 'mine is bigger than yours' thread. Maybe we can post some pictures and youtubes too
I already know where the most logical and robust areas of support
and resistance reside. I already know what and how I’m trading weeks
in advance.
AhahahaFrank/Wayne/Anyone else Ive missed with the same view.(Re Elliott.)
Having trouble with the way people see Elliott or any other analysis for that matter.
It will simply be proven correct or wont.
In Franks analysis his levels will either be proven correct or will be exceeded where then the next level or time frame comes into play.
Elliotts no different.
A count is a count given the information we have up to today.
If it is proven wrong then that count will alter given the information we have from price action.
All analysis can and does alter during the process of trading---Fundamental analysis certainly does!
You guys are like religious fanatics your religion is better than everyone elses when infact its has the same end point----to help read what the market is doing.
By the way what a way to welcome a new member....
Some analysis on the before and after passing of bill scenario will be greatly appreciated. My hunch is that we might have a down day Thursday and Friday, followed by a rally on Monday (on the back of bill enactment).
I think the bailing plan is losing its momentum already, and even if it is passed, it will lose its luster.
Can you give us a chart summary for the XAO for the next few weeks.
By the way what a way to welcome a new member....
Some analysis on the before and after passing of bill scenario will be greatly appreciated. My hunch is that we might have a down day Thursday and Friday, followed by a rally on Monday (on the back of bill enactment).
I think the bailing plan is losing its momentum already, and even if it is passed, it will lose its luster.
Hi Oz wave guy,Thanks mayk. My short term viewis similar to what u describe. A push up on the XAO appears to be occuring (and will hopefully complete the expanded flat pattern I discussed previously), hence the "positive news" should carry the index up to sometime late next week or perhaps the week after before some "bad news" or "loss of confidence" kicks in.
Hi Oz wave guy,
Could you post a chart so I can view that expanded flat pattern better?
No problems. Larger Chart is here
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