I've seen some debates on EW. Personally, I'm not a fan of EW. I've studied the majority of references available, and I think it falls into the category of rorschach visual proofs, which is not too reliable. That being said, however, I did come across one article that blew my mind and almost had me become a true believer. Although the article visual diagram shows five waves (much like elliot), it is based on a seed of only 3 waves, and all other derivations are based upon that fractal. He also doesn't call it ew, but fractal analysis. I think it would be interesting for some of the strong ew followers like landis82 to look at his work. It's as close to an objective EW holy grail, that I have seen. Almost purely objective, although I've had some questions about methodology I asked the author about. If your interested in investigating it further, PM me, we can work on issues I'm still trying to understand. If it is valid, and I'm interpreting it properly, it says we are on the cusp of a MUCH larger upside wave in future (not necessarily near). http://www.traders.com/Documentatio.../042007/Abstracts_new/Williamson/william.html