I gave up on EWI sometime back, but not on EWT. I suggest you get a copy of "R.N. Elliot's Masterworks" , edited by Prechter.
Read the original writings of Elliot's. See what the master himself had to say, without Prechter's (mis)representations and (mis)interpretations.
Now that I have read EWP and "Nature's law". Anything that is a purely a Prechter construct and was not proposed by Elliott himself, I approach it with a healthy amount of skepticism.
Be advised Prechter has been calling for DOW 400 since the early 90's.
yep, I have thought that that count could be the correct count for some time now. If so, new all time highs are on the horizon, and may happen a lot sooner than we think!
Yes. The count only looks weird due to the devaluation of the dollar over those years. Compare years 2002 to 2007 to a DOW-in-Gold chart and the ABC correction doesn't look so weird. See:
3 comments:
Here is an alternate count
http://3.bp.blogspot.com/_v6e4EkI2aIc/TOAmBTWguXI/AAAAAAAACkg/WK1FvppwGSk/s1600/DowSuperCycleNov14.png
I gave up on EWI sometime back, but not on EWT.
I suggest you get a copy of "R.N. Elliot's Masterworks" , edited by Prechter.
Read the original writings of Elliot's. See what the master himself had to say, without Prechter's (mis)representations and (mis)interpretations.
Now that I have read EWP and "Nature's law". Anything that is a purely a Prechter construct and was not proposed by Elliott himself, I approach it with a healthy amount of skepticism.
Be advised Prechter has been calling for DOW 400 since the early 90's.
yep, I have thought that that count could be the correct count for some time now. If so, new all time highs are on the horizon, and may happen a lot sooner than we think!
Yes. The count only looks weird due to the devaluation of the dollar over those years. Compare years 2002 to 2007 to a DOW-in-Gold chart and the ABC correction doesn't look so weird. See:
http://www.financialsensearchive.com/fsu/editorials/2007/images/4-Dow-Gold.png
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