Anyone else think Elliot Wave is a bunch of hooey?

[pspr]

Quote from Sid Gautama:

.........Not all English is Americian...................

Only if you don't study spelling, syntax and grammar.

 

[Sid Gautama]

Why you presist to emphasize my English and not be address merit to obsrevation I be making? You not be understand it? It very easey. Good English not make man smartly.

 

[OddTrader]

Quote from Sid Gautama:

Why you presist to emphasize my English and not be address merit to obsrevation I be making? You not be understand it? It very easey. Good English not make man smartly.

i lite yuor eNglishy cos moor gooder dan my.

 

[steve46]

I give up.

 

[OddTrader]

Quote from OneHipCat:

Can anyone post the quote where PTJ mentions he uses EW?

Q

Are there any market advisors that you pay attention to?
Marty Zweig and Ned Davis are great; Bob Prechter is the champion. Prechter is the best because he is the ultimate market opportunist.

What do you mean by opportunist?
The reason he has been successful is that the Elliot Wave theory allows one to create incredibly favorable risk/reward opportunities. That is the same reason I attribute a lot of my own success to the Elliot Wave approach.

--- Market Wizards (J Schwager), P.130

UQ

 

[ProfLogic]

Quote from steve46:

P.S. . . . . . . .
I am not saying that it (cyclical activity) doesn't exist). Only that currently, there is no systematic, accurate way to use it. Thanks Steve46

None that you know of Steve but it exists. Email me and I'll call you and explan it to you. You are one of the few people I've run across that might understand it.

Prof

 

[mmm]

Has anyone here quantifiably and rigorously backtested EW?

Without doing such a test, I don' t think anyone can make any conclusion about the usability of EW.

-- mmm

 

[Sid Gautama]

How can man past test Eliot waving then no understandling is common to the all? Book not writtening on plainly English, make no sensing. Price map all tell. Only watching price map. How oftening seeing pricing reversiling when to follow three down arm? Any fool see. No talk longer than day, mean inside the day, explicitty the timing precedant middaily mealtaking.

 

[pspr]

Is this a new Nostradamus quatrain?

Quote from Sid Gautama:

How can man past test Eliot waving then no understandling is common to the all? Book not writtening on plainly English, make no sensing. Price map all tell. Only watching price map. How oftening seeing pricing reversiling when to follow three down arm? Any fool see. No talk longer than day, mean inside the day, explicitty the timing precedant middaily mealtaking.

 

[1st_samurai]

Quote from OneHipCat:

Can anyone post the quote where PTJ mentions he uses EW?

By the way, has anyone ever been to the forum on forexnews.com? They all use EW there, and they apply it to like, 1 min charts lol

Jack Schwager's "Market Wizards."