LMAO Those who can't .... bitch. https://www.nasdaq.com/articles/sentiment-speaks:-i-believe-we-rally-into-a-june-swoon-2021-06-03 "Most cannot outperform the market" Another argument I have heard recently is that since most cannot outperform the market, why bother with Elliott Wave analysis? Well, let's again consider this argument carefully. Most money managers utilize fundamental analysis when managing money but are unable to outperform the market. Should we now assume that fundamental analysis should be thrown out completely since those that use it most are unable to outperform the stock market? I bet not a single one of you even considered such an argument, but it is the logical conclusion one must draw based upon this premise. In truth, Elliott Wave analysis is not going to provide you with perfection in the market. We deal within a non-linear environment and it is impossible to be right all the time regarding changes in market direction. But, as I noted above, Elliott Wave analysis is a mathematically based methodology which ranks probabilistic market movements based upon the structure of the market price action, and its goal is to track the strongest driver of our markets - fear and greed. So, in effect, it is a non-linear methodology which will reasonably outperform methodologies based upon linear perspectives. And, if you don't think that there are money managers which are able to outperform the market based upon Elliott Wave guidelines, think again. Paul Tudor Jones is probably the most famous of money managers that utilizes Elliott Wave analysis, and has stated: Elliott Wave theory allows one to create incredibly favorable risk/reward opportunities. That is the same reason I attribute a lot of my own success to the Elliott Wave approach. Moreover, I have almost 1000 money manager clients who all pretty much agree in their "sentiment" about our work, and these are just a representative sample: 'I am very impressed by one technical Elliott Wave analyst - Avi Gilburt' (Willem Middelkoop, Founder-Commodity Discovery Fund) 'Avi, you are the best strategist that I follow and you have made more prescient calls than anyone on the street. . . .I have been a licensed financial advisor for over a decade and worked at a number of Fortune 500 companies in my career, including USBank, Morgan Stanley, Russell Investment and now I am a director at Lincoln Financial and I can tell you that none of the so called experts have virtually an ability to determine market direction. With your insight, I have made a killing and am basing my strategies around your advice. Keep up the good work and ignore the naysayers who are missing out on your sage advice!' (Blue Chip Investing) 'I see the best quants, strategists and technicians the street has and you and your group are amongst the absolute best. My trading desk is floored at turning levels you are able to provide.' (slu) 'No single thing (or even the summation of multiple other things) has enabled me to successfully manage portfolios and, perhaps more importantly, given me so much peace of mind w/ regard to the state of the market than this site and the incredible group of analysts and support team here. Thanks for all you guys do.'
Yes, as I said, if the system gives unreliable buy and sell signal, Why chastise people for not following the EW rules religiously. It makes the EW look like a Cult. Maybe better to ask people where they think it fails.
Just have to mention, 1) somehow EW brings out the worst in people, the most strident. 2) I used to follow Tony Caldero pretty closely. Although he was sometimes right, his adherence to EW rules was otherwise costly to those who took it too literally. I have heard of Avi Gilbert. If he is doing well, I wish him all the success that will come with having so many new customers. PS. I also outperform the market most years. But I do it in a way that the risk/reward ratio makes sense. Something few investors know anything about these days.. Thank you for your valuable input.
System? Tony Caldero neva hurd im. Robert Miner is the guy. Long before any youtube boobers showed up. But what I don't like is when the uninformed make broad-brush statements as if there are Moses on the mountain top. They don't like it fine - "change the channel".
Wow, that's pretty harsh. Do you want me to never post here again ?? If so, that's not a problem for me.
There's no doubt Robert Minor is excellent at explaining EW theory and the guy definitely knows his shit. However, I studied his DVD course years back and although I learned a lot and knew the EW rules that he taught I found it difficult to make money off of. ( The wave counts can be subjective ) As far as SILVER goes it's a great buy in my opinion - there's gonna be an economic shift and metals are going to be the safe haven - Trade Wisely!