I agree with many of the comments by Steven Vincent at BullBear Trading:
http://www.decisionpoint.com/TAC/VINCENT.html
In particular, he is the only other analyst showing the B wave count as I have discussed, although he holds it as a low priority. I disagree with his count showing the move from March '09 to April '10 as intermediate wave (1) for the reasons I stated in my post on 1/9/11 http://tradercraig.blogspot.com/2011/01/lets-think-about-this-for-minute.html.
His sentiments on EWI's methodologies accurately reflect my own, and as I have commented directly to EWI in the past. It is unfortunate that EWI does not use elliott wave theory in a more rational way. Even so, there have been times they have nailed some big moves so I continue to subscribe.
Tuesday, January 11, 2011
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