Thanks ammo! 
I'm still learning and refining EW.
I think the greatest irony with EW (and perhaps it's greatest strength too) is that no count is absolute. There are ALWAYS other possibilities. Few can accept this.
With multiple possibilities come complexities, thus rendering a "simple summary" of EW very difficult.
I've extracted two previous posts which I think may help
From p490:
From p732:

I'm still learning and refining EW.
I think the greatest irony with EW (and perhaps it's greatest strength too) is that no count is absolute. There are ALWAYS other possibilities. Few can accept this.
With multiple possibilities come complexities, thus rendering a "simple summary" of EW very difficult.

I've extracted two previous posts which I think may help

From p490:
Quote from Xuanxue:
07-18-08 07:01 PM
Then you'll need this:
http://www.geocities.com/WallStreet/Exchange/9807/Charts/SP500-Articles/EWRules.htm
From p732:
Quote from Mup:
11-12-08 02:15 AM
Hi derrick
"Brief" and "Elliott Wave " are not two words that go together easily... Its probably best for a weekend discussion while enjoying a Guinness or Mount Gay Special Reserve with a Cohiba Siglo VI![]()
In the mean time
ed's link is a good place to start...
Also, dare I say, EWI has some useful stuff on their site :eek:
http://www.elliottwave.net/educational/basictenets/basics1.htm
On how Elliott Wave helps, I don;t know any other method that gave us a hint of this weeks price action, last week...
For bread and butter everyday trading, elo hits the nail on the head with ALT's & Measured Moves ...![]()