I am so agree with you, Eillott wave is great if looked from the rear view mirror. Problem of Eillott wave theory is that there are so many various/possibility and I always have hard time to tell if I am in 3rd or 5th or extend 5th(there are hundreds of ext 5ths pattens). So it is almost impossible to buy/sell stock by following it's theory. I am not saying it is not useful, but it could be very powerful if use with other tech tools.
Here Eillott official site: www.elliottwave.com
Bob Prechter called market fall apart from 2004, but market did not start moved down until end of 2008. You see, Bob suposse be one of the co-inventor(Prechter and Eillott) who start the Eillott theory, and he is 4 years off the market and me?
I am so agree with you, Eillott wave is great if looked from the rear view mirror. Problem of Eillott wave theory is that there are so many various/possibility and I always have hard time to tell if I am in 3rd or 5th or extend 5th(there are hundreds of ext 5ths pattens). So it is almost impossible to buy/sell stock by following it's theory. I am not saying it is not useful, but it could be very powerful if use with other tech tools.
Here Eillott official site: www.elliottwave.com
Bob Prechter called market fall apart from 2004, but market did not start moved down until end of 2008. You see, Bob suposse be one of the co-inventor(Prechter and Eillott) who start the Eillott theory, and he is 4 years off the market and me?
I use Eillott all the time, but not use it alone.
My 2 cents.
Thanks a lot for your comments! Totally agree with you -- "use with other tech tools"
Tools are powerful only when people use them in a right way.