I respectfully have to disagree.  I had some bad experiences with E Wavers in the past and it left a bad taste in my mouth for a long time.  However, using it as Steve and Matt do, as one of multiple road maps for the market - presents a very useful tool and has helped guide us very nicely through this bear.   If you are new to the site, I would suggest you sit back and watch how well all those things you mentioned work.  You can debate why they work all you want,  but in reality,  all I care is that those level are what other traders are watching.  Welcome.  Over time you'll find this to be the best site anywhere for traders of all time frames and levels.  

all the best,   john