Discussion in 'Technical Analysis' started by theplumber, Feb 8, 2003.
Any waver's out there who find Neely's rules to Elliot wave better or too complicated?
neely is the ONLY true master of elliot wave who has written some of it down.
His writings show a complete method (Neely method) but is it too complex from a practical trading point of view?
What I mean by that ,is it not more practical to just stick with the 5 waves/3 waves and ABC corrections than to add more rules?
it depends what your goals are. as pure analysis of trends, neely's method rocks. for practical everyday trading, it is a bit complicated and overweight. hope this makes sense.
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