Thank you starfire. I completely agree with you regarding the accuracy of such automated systems. Everything around a pattern must be taken into account along with volume and at least RSI. I did not come up with this, I learned it from someone who's expertise I trust. I have not blindly followed her work either. Constance Brown of Aerodynamic Investments, author of multiple books, and who also happens to be a CMT (Certified Market Technician, and has written questions for the CMT exam), completely detests the use of automated programs for detecting Elliot Wave patterns. I have worked to understand this material enough so that I can teach what I know. That's the only way I can gauge where my weakness is.
I admit there are still gaps in my knowledge - and I try to point that out as much as possible. I make no claims of superior skill, but I will not hold back what I feel is right just because of my age or time in the field. I would welcome someone new to post their thoughtful analysis no matter how ugly it looked if they seemed sincere, and most importantly were receptive to critcism. If I felt the chart was incorrect, I would plainly and simply point out why, where and how it's incorrect and be done with it. No matter how pretty or ugly the chart, there would be a well reasoned contrary opinion that points out an error or something the newbie missed. Case closed.
Does this sound like the mentality of someone using "voodoo" techniques? Sigh.
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