21 replies to this topic

[fib_1618]

Just because volume is not included in my gif. does not mean I am not looking at it.

Since you didn't post it, how would anyone know otherwise?

Daily volume considerations are of paramount importance in everything technically related and should never be hidden.

Are you saying that Elliot's rules have never been violated?

Bent? Yes. Violated? Never.

[Russ]

Are you saying that Elliot's rules have never been violated?
Bent? Yes. Violated? Never.

So we may be about to make history!

Edited by Russ, 23 April 2007 - 01:08 PM.

[fib_1618]

So we may be about to make history!

Don't bet on it.

Fib

[LeroyB3]

Russ, You're missing a key component in your chart counting...degree of wave. Best, LB

[Russ]

LB,

I am all eyes if you could post your interpretation...

RB

Russ,

You're missing a key component in your chart counting...degree of wave.

Best,

LB

[da_cheif]

"elliotts rules"...lmao.....2 funny.....as if any know what those rules are.......hehehe....even a mensa like prechter duznt even know them......geeziz

[fib_1618]

even a mensa like prechter duznt even know them.....

And so my reference of the rules being "bent" from time to time.

Fib

[Russ]

I think Cheif is questioning whether there are any rules or not, not whether they get bent. Which surprises me because I have heard him talk about counting those 5 waves before, and epicenter of primary 3 etc.

even a mensa like prechter duznt even know them.....

And so my reference of the rules being "bent" from time to time.

Fib

[fib_1618]

I think Cheif is questioning whether there are any rules or not

If there weren't any rules, then Don wouldn't be using this methodology as a basis of his longer term forecasts.

Bending the rules includes taking those that were rules and making them "guidelines" (or disregarding them completely) when things don't go as "planned" (one example: alternation).

Furthermore, if rules are broken in order to make a point to contrary, then the "principle" becomes only "theory" and therefore becomes hit and miss...very much flipping a coin. I haven't seen this to be the case as too many people still make money using this methodology in its proper usage.

Fib

[Mr Dev]

Teaparty, I received a short term Sell on the DOW and S&P this morning,... I'm taking the DOW over the S&P, although they will likely move together,..because of the oscillator formation on the S&P has more potential to be bullish. While rolling over my S&P osc is still in a triangle formation mid chart...while the DOW is rolling over at the top of the chart with a DBL TOP. On the Daily OSc. the DOW and S&P look about the same with the RUT being weakest of all and the NDX being least over bought at this time. Trade well