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• Validating Elliott wave counts by H. Ralph Cripps

  ARTICLE SYNOPSIS ...Validating Elliott wave counts by H. Ralph Cripps The practice of Elliott Wave anal ysis allows for alternative wave counts, and it is critical to differentiate among the various choices. Prioritizing is best accomplished with a confirming filter--which ""validated"" the Elliott waves that clearl y indicated the Dow J ones Industrial Average top on August 25, 1987, which preceded the massive decline of October. Almost every Elliott Wave technician will use some technique to assist in establishin g an appropriate wave count. Some aids for defining wave sequences, magnitude and alternative wave...

AUTHOR: H. Ralph CrippsDATE: MAY 1988