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Re: [EquisMetaStock Group] Elliott Waves



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Don't know whether its true but someone told me Elliot who wrote the Elliot wave theory actually died bankrupt............ that explains a fair amt....
 
Divya

superfragalist <no_reply@xxxxxxxxxxxxxxx> wrote:


Here's an old Connie Brown article from TASC. Nothing in here says E
Waves work. Program E Waves into a systems tester and see what you
get. You can't do it because there's no agreement on what an E Wave
signal is.

http://www.aeroinvest.com/interviewSC.pdf

It sounds like Constance is a chart reader, who uses Gann and Elliot
to give her confidence in her chart reading.

I'm not asking for the name of someone who uses E Waves or Gann or
Murrey Math. I'm asking for a professional systems developer who has
tested them in unbiased computer simulation tests.

Van Tharp and LeBeau have both done extensive tests on random entries
where a coin was filpped for picking which stocks to buy. Each used
some sound money management techniques and exit strategies. In all of
their tests they had a profitable trading record.

The point is entry selection is not the problem. Almost anything
works. At least with Van Tharp and LeBeau you could test it. You
can't test E waves.

How do you explain people who use astrology for trading. Have you read
Introduction to Astrological Technical Trading by Myles Wilson
Walker 

Contents

Planet glyphs, Wheel explaination Terms
Fixed (Automatic) Astro Cycles and examples
-Stock Indexes, Grains and Bonds
How to Find Fixed cycles for any Stock or Commodity
Planetary Ingress, Retrograde - Direct planets as a Cycle timer
Jupiter Ingress and Soybeans, Repeating Aspects
How to Find the Dynamic astro Cycle for any Stock or Commodity
Natal Astrology, Bradley Indicator, Time by Degrees

This sounds like Gann and Elliot all over again.

I've posted the reference several times to a site that's based on
Asian astrology.

Use Four Pillars astrology and I Ching to time your investment
decisions.

http://www.fourpillars.net/finance/index.html

If you track this guy, you'll quickly learn he's right a lot of the
time. It's all in the year of the moon dog!

Gann and Elliot would have been all over the I Ching. Count on it.

Too bad they didn't get that incorporated into their trading sooner.
Those charts would have been much easier to read.

If have doubts about what I'm saying read: Fooled by Randomness. That
should put some perspective into it.









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