Even if I disagree with the conclusion of your analysis, I must say that it is the best I have seen in the last months (years?). To take into account absolutely.
My disagreement derives from history and the fact that the Elliot Waves are the result of the grate discover by Ralph Nelson Elliott that could arrive to measure emotions based on a mathematical series now known as the Fibonacci Series (XII-XIII Centuries!!) I am sure that all de variety of "psis" would agree with me that Mr. Elliott deserves some kind of a post mortem price. I don't exaggerate if I say that he deserves even the Nobel Price. Just think, measure emotions and arrive to apply them to financial markets.
The reason I don't agree with your conclusion is rather simple. All of us that work and believe in Elliott Waves agree on the fact that financials markets are moved by emotions and emotions are moved by news. Now, by the time the Elliott Waves were invented in the beginning of the 1930s, news were rather scarce and not very fast. Radio, Newspapers some kind of fax, etc. Nothing even near of what we have in our days in velocity and of course in traders reached.
All this novel takes me to the conclusion that now trends develop in 3 impulses and no longer in 5 (impulses in 3 waves and counter impulses: wave "a" 3 impulses, wave "b" 3 impulses, wave "c" 3 impulses. Only attentive practice will take us to some acceptable conclusion.
AmithS
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@lhglez, thank you very much for your feedback!!!!
My disagreement derives from history and the fact that the Elliot Waves are the result of the grate discover by Ralph Nelson Elliott that could arrive to measure emotions based on a mathematical series now known as the Fibonacci Series (XII-XIII Centuries!!) I am sure that all de variety of "psis" would agree with me that Mr. Elliott deserves some kind of a post mortem price. I don't exaggerate if I say that he deserves even the Nobel Price. Just think, measure emotions and arrive to apply them to financial markets.
The reason I don't agree with your conclusion is rather simple. All of us that work and believe in Elliott Waves agree on the fact that financials markets are moved by emotions and emotions are moved by news. Now, by the time the Elliott Waves were invented in the beginning of the 1930s, news were rather scarce and not very fast. Radio, Newspapers some kind of fax, etc. Nothing even near of what we have in our days in velocity and of course in traders reached.
All this novel takes me to the conclusion that now trends develop in 3 impulses and no longer in 5 (impulses in 3 waves and counter impulses: wave "a" 3 impulses, wave "b" 3 impulses, wave "c" 3 impulses. Only attentive practice will take us to some acceptable conclusion.