SPDR S&P 500 (SPY)

[Sean93]

hehe you didn't understand what i was tying to get at here.

It's not about the 90%(Sorry i do belive that is overrly exaggerhated) or the elliot waves. It's about proving a point that technical analysis is a very accurate method of analyzing securities.

And plus, I don't even use elliot waves that much at all. I only use it when i try to find a price target for a trending market. I am a hardcore believer in technical analysis and I find it funny that people blow off this method, "saying past prices can't possibly predict the future" when every method of analysis out there, like weather forecasting, is based on past data. Even fundamental analysis uses past data

But, northam43, what i really find sad is that some of the people on ihub are mere speculators, who have no idea what they invest in, have no knowledge of a securities background, etc. And here they are, criticizing TA.