I apologize. None of your previous posts in this thread used the word "Theory" so I didn't know you were only using Elliot in it's pure form of probabilities and statistical results. So many think of Elliot as pure unadulterated gospel. I miss spoke thinking you were one of "them".
To clarify my familiarity to Elliot , it is my opinion that Elliot was spot on when he theorized the markets moved in waves. He never had enough data to prove that those waves had any consistency in their number and how they related to trends, consistency in their length, consistency in their height or consistency in their cyclic nature. That was because they contain no such consistency.
Any similarity in any of those areas only leads to statistical proof. I know some traders do well trading statistically but not me. I don't think an "edge" can be built safely on statistical information where subjectivity and discretion play out so predominantly.
