Save your time and energy on ET to write-up/publish a book like they did, or no trader would still remember your name 50 years later.
Ironic that harry wants to tell everyone here about his holy grail; even more ironic is that no one understands what he is talking about, and this will be the real reason why, if his method does work, it will continue to work. Face it harry, your attempt at making your analyses as outdated as the traditionial TA you despise is utterly futile, so just resign yourself to the drudgery of making money.
There must be a technical problem about security file on the server (because we prepare to change the old password system) I will look at it thanks.
We have bounced as expected on 9370 (although not totally reached on spot since we stopped at 9380 instead it was reached on future) and this consolidation corresponds to the expected consolidation of 9405 on UPPER scale (WEEKLY) - chart I posted well before on 4th September see http://www.elitetrader.com/vb/showthread.php?s=&threadid=21762&perpage=6&pagenumber=3 Current update of the STATIC analysis of weekly scale not daily scale (and I won't surcharge with the DYNAMIC analysis): <IMG SRC=http://www.econometric-wave.com/consolidation_on_weekly_scale.gif> Comment here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=21762&perpage=6&pagenumber=5
The longer your time frame or the wider your stops, the less you are bothered by whipsaws and other "noise". A pure technical analyst will be an effective trader if he adheres to his system and exercises sound risk and money management. Charts will tell you what kind of whipsaws you can expect for a given stock and allow you to adjust your stops and profit expectations accordingly. It doesn't matter if you choose Elliot theory, Fibonacci retracements, stochastics, oscillators, throw darts on a wall, etc. Harrytrader is making trading a lot more complicated than it really is with his esoteric mumbo jumbo. This is the kind of mathematical gibberish that got Long-Term Capital in trouble and perpetuates the myth that superior math skills produce great traders. The simpler trend-following systems that utilize multiple time frames are the most effective. During choppy or slow markets, be extremely selective or park your cash in a money market fund. Keep It Simple, Stupid!
I don't know why I suppose the programmer has put a protection on it so I created a new directory here: http://www.econometric-wave.com/elitetrader/slideshow4.html
Boy howdy! This is the first time in my life that I have had a double error surfing the internet: "Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request."