Forecasting | BON 2011
Reducing The Subjectivity Of Elliott Waves
Is the identification of Elliott waves too subjective? This method can reduce the subjectivity and improve your ability to forecast. The Elliott wave theory appeals to some and not to others, that goes without saying. Some adhere to it strictly, while others play it by ear, not staying too close to the rules and just keeping an eye out for five-wave moves. If you have wondered if there’s something just a little bit off about the strategy, you may be right. It may be Ralph Elliott made a misjudgment in the impulsive wave structure.
by Ian Copsey
Technical Analysis of STOCKS & COMMODITIES
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