The market is seeing something we dont see yet—

Discussion in 'Trading' started by NY_HOOD, Dec 24, 2018.

  1. I have not.

    Don't think I have any interest in "getting to know EW better". My limited use and understanding is useful enough for my KISS style.
     
    Last edited: Dec 27, 2018
    #61     Dec 27, 2018
  2. neke

    neke

    Seems EW is some form of Fourier Transform that can be made to fit any past pattern. Trying to predict the future and making money of it is a different thing though :)
     
    #62     Dec 27, 2018
  3. FriskyCat

    FriskyCat

    Right, I understand. I've tossed away so much of the stuff that I've looked at over the years.
     
    #63     Dec 27, 2018
  4. volpri

    volpri

    Sounds like SOME ET’ers:D
     
    #64     Dec 27, 2018
  5. EW-ers, quoting themselves, or "nailing it only two times"?
     
    #65     Dec 27, 2018
    volpri and MKTrader like this.
  6. MKTrader

    MKTrader

    Right now, practically every mainstream financial media outlet (Marketwatch, Bloomberg, etc.) are calling for new lows and an extended bear market. At least 80% of the headlines are negative. The market usually does the opposite of what people expect and it causes the majority to lose money (whether shorting or moving to cash in retirement accounts). I'm not calling a specific bottom, but this is really looking like a contrary indicator.

    On a side note, I can't believe anyone still trusts EW. There's zero statistical evidence and it's totally subjective. Show me an Elliot Waver with a 10+year real-time track record of beating the market and I might slightly change my opinion. I've asked some high-profile ones for 3rd party, audited performance and only received crickets as a response.
     
    #66     Dec 27, 2018
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  7. tommcginnis

    tommcginnis

    Evidence, schmevidence. :banghead:


    :D
     
    #67     Dec 27, 2018
    trendo, MKTrader and Cuddles like this.
  8. Cuddles

    Cuddles

    It's a fact-free world now.
     
    #68     Dec 27, 2018
    volpri and tommcginnis like this.
  9. volpri

    volpri

    Could it be fake news? Must be if mainstream dishing it out! ROFLMAO
     
    #69     Dec 27, 2018
  10. I can't show you an audited track record these days based upon anything let alone EW, but if I "splained" it to you, you'd go, "Hold crap. Why didn't I ever see that"? (Years ago when I was an RIA managing customers' funds, I could have.... audited track record, of course... not EW "based", just included. I'm no more full of BS now than I was then. In case you don't know, RIAs are not allowed to lie or exaggerate.... which basically is why they don't advertise their track record. :))

    EW's "5 Waves" is one of THE most clear and obvious applicable concepts to the market (in hindshight, of course... more to the story.)
     
    Last edited: Dec 27, 2018
    #70     Dec 27, 2018