The problem is not e-wave. The problem is those who attempt it without fully understanding it.
The best e-wavers are those with significant experience using the method -- years and years of experience.
I like Tony at Elliot Wave Lives.
Fib knows the system well at Technicalwatch.com
And Charles Nenner is well-versed -- if you can afford his service.
Except for Teaparty and just a couple of others, I would be cautious about e-wave posters here.
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This is FIB's quote on B waves:
/"B" waves are sucker plays where the market is not in sync - and usually is news related in one way or the other. In the case of equities, one will see inconsistencies between one index and the other either in price or the internals that accompany such a move. ''B'' waves can make new price extremes than the orthodox price termination point of the previous 5 wave structure or only partially retrace the ''A'' wave move based on how much emotion accompanies such a pattern. If something doesn't look or feel right about a price pattern, it's more than likely a ''B'' wave./
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I believe this current wave is a B wave and the cubes anomaly can be explained as to why there is such a difference in the indices, this being a sucker's play etc.
Today's