tag:blogger.com,1999:blog-11719208.post6514402848561920944..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Bewilderingly complex Elliott Wave TheoryTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11719208.post-72306419263609543572009-07-02T18:51:37.170-07:002009-07-02T18:51:37.170-07:00About a week ago, I spent the afternoon with a loc...About a week ago, I spent the afternoon with a local guy here who trades S&P500 futures (Matt Davio of MissTrade) and he showed me a bunch of things about moving averages, etc. that, if you're good enough (and disciplined enough), you can make a pretty decent living at after many years of "on the job" training. <br /><br />I have a new appreciation for this sort of thing now, but I'm still pretty skeptical of other technical analysis where the rules are much more ambiguous.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-88840610702523898032009-07-02T18:06:05.433-07:002009-07-02T18:06:05.433-07:00Tim I sympathize; I studied math and computer scie...Tim I sympathize; I studied math and computer science and I haven't found any technical analysis that strikes me as credible. <br /><br />The only potentially-useful methods I've seen involve smoking out what insiders are doing, such as with oddball options activity or bid/ask data that doesn't necessarily show up in prices (a huge flaw of most T.E. in my opinion is the use of primarily price series data, which is only a small part of the story).Aaron Krownehttps://www.blogger.com/profile/10625220296615695247noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-45400151887519576032009-07-02T16:49:42.058-07:002009-07-02T16:49:42.058-07:00I prefer the more reliable and down to earth cryst...I prefer the more reliable and down to earth crystal ball method.Bruno Tnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-11097186578117213162009-07-02T14:08:42.495-07:002009-07-02T14:08:42.495-07:00It is true that the Elliott Wave principle is subj...It is true that the Elliott Wave principle is subject to sometimes different interpretations when you show the same picture to different analysts but like any kind of technical analysis it is only probabilistic.<br /><br />You take a shot, define where your stop loss will be for the case your wrong and hope that the odds work in your favour.<br /><br />Is Elliott Waves the ultimate tool to prosperity? No. Is it a good way to study the markets? Sure, add one or two indicators and you have a good toolbox to navigate the market.<br /><br />Nothing will ever work 100% though, not while we are allowed some free will at least.Nuno Brancohttps://www.blogger.com/profile/08352044811205388456noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-20607050372734078682009-07-02T10:23:15.268-07:002009-07-02T10:23:15.268-07:00Any technical analysis (whatever model) has always...Any technical analysis (whatever model) has always been suspect to me. If some lines and if/then questiosn could answer every market question, then the world would be awash in Billionaires. Alas, it is not. Do the lines and levels make the market, or does random events that gather around a mean eventually fit the lines? Who can say and who cares.<br /><br />My prediction: the market will go up, unless it goes down. That is unless the down is followed by some up, then maybe up then down. trade on that my friends!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-75567646821396934942009-07-02T10:06:10.216-07:002009-07-02T10:06:10.216-07:00Only a "Grand Poobah" can declare the be...Only a "Grand Poobah" can declare the beginning or end to a "Grand Supercyle"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-34749798560223995542009-07-02T09:19:13.409-07:002009-07-02T09:19:13.409-07:00The "Grand Supercycle" didn't 'b...The "Grand Supercycle" didn't 'begin in 2000' as the author alleges.<br /><br />All the author had to do to find out when the Grand Supercycle did begin, was use 'the Google' and <a href="http://en.wikipedia.org/wiki/Grand_supercycle" rel="nofollow">Wikipedia</a>:<br /><br /><i>In Elliott wave theory the term Grand Supercycle is used to describe the longest Elliott wave that was proposed by Ralph Nelson Elliott. Elliott speculated that a Grand Supercycle advance had started around the time that the United States declared independence from mother-England on July 4, 1776.</i><br /><br />It appears so far that Wave 4 of the Grand Supercycle began in 2000, but that is subject to change.Anonymousnoreply@blogger.com