Wednesday, March 4, 2009

Elliot Waves

So both Andrew Horowitz and Mish Shedlock seem to be into this Elliot Wave Theory. Great, more chart reading. Well, I trust them I'm making a mental note to pursue learning about it.

Its 3 spurts up with two intermediate drops down, ratcheting to higher and higher levels. Except when the whole thing is reversed and its 3 down with 2 smaller up ticks. Ugh, I was just getting used to picking double heads or double tails in reading charts.

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