Tag: elliott waveSort
The Elliott Wave International Argument: A Critical Analysis of Robert Prechter and EWI (Part 2)
In the first installment of this series )http://www.thebullbear.com/profiles/blogs/the-ewi-argument-a-critica), I examined Robert Prechter and Elliott Wave International's current wave analysis and proposed some alternate views. In this segment I will examine EWI's market timing record. First, I'll run down the history of EWI's market calls from March 2009 to present.
Elliott Wave Analysis: DIA, SLV, TLT, XLF, and RSI>70 vs. S&P 500
The Big Picture (with ETF: DIA):This is the DIA weekly. The rally from the March lows has been labeled as an ABC zigzag (Elliott Wave Principle, p. 43). There is symmetry to this labeling because wave A virtually equals wave C. Wave A=24.24 points, and Wave C=24.64. This is a common pattern that emerges when labeling waves, and it gives the chart some continuity.