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Re: Robert Prechter's forecast



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Well looks like Bob set up the wrong test method. Im not saying that the EW
theory is perfect either but that there has been a lot of work done by Prechter
and Neely that has given the EW theory additional depth.



Lionel Issen wrote:

> Rajeesh:
>
> There is a very old principle used in the hard sciences and engineering: if
> the test is correctly set up, and the sensors are working correctly BUT the
> results don't match the theory, then the theory is misinterpreted,
> incomplete, inadequate, or plain wrong.
> Lionel Issen
> lissen@xxxxxxxxx
> ----- Original Message -----
> From: "Rajesh" <rajesh@xxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Saturday, November 04, 2000 12:13 AM
> Subject: Re: Robert Prechter's forecast
>
> >
> >
> > > Bob refused to accept an alternate count when the market action didnt
> match
> > > his prediction putting his ego above the mechanics of the count. Thats
> his
> > > great flaw. We all learn from our mistakes. Maybe he has too. Other than
> that
> > > hes a genius and has a lot to his credit.
> >
> >
> >