Posted by sschulman on 11th of Sep 2011 at 10:12 am
FRTaylor, agree with you, it's not 1-2-3-4-5. Those very
same points could be changed to 1-2-1-2-3, now in triangle 4, with
5-down to go. OR it could portend the other way: those very same
points could be A-B-A-B-C, and now beginning an upleg.
That's what I dislike about Elliott Wave for forcasting. There's
always an opposite-direction alternate count. Awesome example of a
great universal plan beyond human understanding. Not so good for
trading. :-)
.....Susan
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Dollar...
Posted by marketguy on 10th of Sep 2011 at 12:19 am
make or break time...."if" this candle follows through like the last one (see purple and red arrows) "LOOK OUT!"....
Not sure about that wave
Posted by frtaylor on 10th of Sep 2011 at 11:25 am
Not sure about that wave count - wave 4 shouldn't overlap wave 1 if it's 5-wave structure, right?
agree dollar count is not 1-2-3-4-5
Posted by sschulman on 11th of Sep 2011 at 10:12 am
FRTaylor, agree with you, it's not 1-2-3-4-5. Those very same points could be changed to 1-2-1-2-3, now in triangle 4, with 5-down to go. OR it could portend the other way: those very same points could be A-B-A-B-C, and now beginning an upleg.
That's what I dislike about Elliott Wave for forcasting. There's always an opposite-direction alternate count. Awesome example of a great universal plan beyond human understanding. Not so good for trading. :-)
.....Susan