My money is analyzing any system or data you use. like running a business you have to know the cost. if actual return is negative over a years bets Elliot Wave becomes useless to you even if you think it works. With EW they are never concerned with making money but only with finding the true path. Problem with the end product is that it took dozens of changes along the way to get that look. In the mean time how was the actual bets at the time made. in other words EW only works on paper.
I can prove this very easily. Post the actual bets at the time and the actual selling. That way you can't hide for the results. It took me a long time to realize this. When the stark numbers are in front of you the only thing you are concerned about is winning. The chart today doesn't show that most people never saw this slide coming. They saw a shallow wave 4. Even when it was dropping they assumed it was over when it wasn't. therefore the charts look perfect after the fact because it only had to stay in the right direction with no mention of how deep or how long. How can anyone bet on that? And to top it off every conceivable move the market makes can be REINTERPRETED in ELLIOT WAVE THEORY. BUT you can't redefine the losses and make them come back.
Sorry folks but i have used and analyzed the system way before any of you started using it. it works in a very limited way and not when there is major reversals near.
I proved my point over and over. if you want i can analyze someones charts today and see if it had to get changed on a constant basis. You can't change a bet once it's made. =====================================================================
Enough sermon for the day. this market. YOU are in a lot of do do if we do not see a move higher by the close tomorrow. it's that simple. A one day rally means we are nowhere near the bottom of this current drop. I will bet anyone that my THEORY will pan out. Good luck all.
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