Tuesday, January 11, 2011

Commentary On EWI

I agree with many of the comments by Steven Vincent at BullBear Trading:


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.

No comments: