Alex...
Believe what you want - I am not trying to convince you at all. I do stand by what I have said here, and it is based on that experience in the markets that you refer to.
All I can say is that it has been working for me, and provided me with insight on what the markets have been and are doing - and so far, it has enabled me to have some insight into what they will do over the very short term and made a lot of difference in my trading. That is all that matters to me.
I would point out that virtually all charting, technical systems, indicators, and e-wave counts have failed miserably in this market rally, leaving folks talking to themselves trying to come up with explanations for what the market is doing.
Like I said yesterday, no one is willing to admit seeing the elephant in the room, but that is ok. Believe what you want, and I will do the same. Each of us should always do what works best for ourselves and pay no attention to what others here say, including me. I am just stating what I am seeing.
mlsoft