V.8:5 (182-184): Elliott wave: Fact or fiction? by F. David Minbashian

V.8:5 (182-184): Elliott wave: Fact or fiction? by F. David Minbashian
Item# \V08\C05\ELLWAV.PDF
Availability: In Stock

Product Description

Elliott wave: Fact or fiction? by F. David Minbashian

Using concepts from the elegant new science of chaotic dynamics, I was writing an essay to show as simply as I could arguing how commodity and stock prices follow a path of motion without any patterns. As I arrived at my conclusion, I could almost hear the hue and cry of disagreement from avid followers of R. N. Elliott only too eager to show me the vast profits they have amassed using his theory, for the Elliott wave principle is nothing if not a grand pattern by which prices are supposed to unfold. If you are one of those followers, don't stop reading yet. I do have something positive to say about your theory.

A few years ago I embarked on the task of learning the theory. There was no denying the fact that you could see and count the waves in chart after chart. I was so taken by the idea that I went around saying, "How do I love thee? Let me count the waves." When it came to applying my newly acquired skills, things did not turn out as well. At first, I thought it was my lack of experience. Wrong or right, though, it was a lot of fun trying. I looked forward to following prices to see what kind of count would emerge. Was a 3 of 3 beginning or was it the "x" in an abc-x-abc formation? It got so bad that I had to warn myself and others against "the disease of the wave count" where nothing matters but to carry a count to its conclusion.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order