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Spamwich
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Specialty: Technical Analysis Name: Michael Payne, CEO of No Payne Roofing Inc. Objective: To share results of technical indications Experience: Relentless market participation since November 2011
My company:
No Payne Roofing Inc
  • Elliot Wave Predictions For 2012 And 2013 2 comments
    May 17, 2014 10:34 AM | about stocks: SLV

    These are not my charts but I thought I would share them for perspective. What we are witnessing here is a bigger picture "primary count" going terribly wrong 2 years in a row from a well known professional analyst. So if one who proclaims that Elliot Wave is an effective theory, I will always have these charts as an example to show me the fallacy of a theory that attempts to predict 4 moves in advance... I believe the issue is having no regard for the nature of the specific index, metal, company etc...

    First chart is 2012 prediction, next is 2013 * They appear to be duplicates, but this is not the case, click on both of them, they are different* . If one would have traded this chart his account would have been "spamwiched" for sure ;)

    (click to enlarge)

    (click to enlarge)

    Stocks: SLV
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  • whowho77
    , contributor
    Comments (150) | Send Message
     
    Agree. Elliot Wave is confusing and not effective in predicting future prices. It is at most reactive to the ever changing prices. If this happens, then that will follow.
    19 May 2014, 11:38 AM Reply Like
  • Spamwich
    , contributor
    Comments (328) | Send Message
     
    Author’s reply » Just noting that they appear to be duplicates but you have to click them individually
    15 Jun 2014, 11:57 PM Reply Like
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