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...