when did elliot waves become so popular? i really can not understand why trying to label a random walk makes any sense at all. its not even a falsifiable theory: you try to label it and, if you're wrong, oh well, you got the labelling wrong. why doesn't the failure of a labelling disprove the theory?
you don't have to answer, i know: cuz its a random walk and you can always find some labelling after the fact.