How many counts can we find?
Hi all,
We had to do this exercise at the MTA, and it was surprising how many correct Elliott wave counts we could come up with.
If you feel like trying, take the picture, label the waves and upload it to the thread again.
Please, don't use the fact that there are more than one possible count to tear down Elliott- it's long time he passed away and it's our time to evolve the theory.
Cheers,
Gon
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Comment by Peter jcp on April 26, 2012 at 4:35pm -
Elliot wave analysts are like Economists - they can never agree :-)
I look forward to all the different answers - ? Or will they all be the same ??
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Comment by gunes unver on April 26, 2012 at 5:35pm -
If looked upon directly i can tell this graph shows no elliot formation,
This graph probably has been bullish "before" from the starting point, so it is not appropirate to analyse such, or fit for trading, in an environment where you can see as far as 1990's.
Finally, this looks like altogether as a "mid section" of a major wave, so i would rather say that i see zero elliot formations in it until i am able to see the bigger picture.
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Comment by Keith Shaw on April 26, 2012 at 6:40pm -
Spiro, from what I understand poor Elliot was in hospital and under the influence of a lot of drugs when he came up with his wave theory ... not sure what Pretcher's excuse was ;-) .... ANYWAYs alot of people spend an awful lot of time counting .... so lets be good sports to Goncalo and label those darn waves . . . . . .
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Comment by No money on April 26, 2012 at 7:20pm -
Yes spiro it's true in Ukraine its possible, specially in Kiev...
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Comment by Keith Shaw on April 26, 2012 at 7:31pm
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The Secret Elliot Wave Count, Revealed For The First Time, Straight From The Vaults Of The ForeXmosphere ..... Can you spot what is missing that makes this wave count unique ?
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Comment by Peter jcp on April 26, 2012 at 8:04pm
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Just forgetting EW for a moment - from how I would look upon it is the number of waves is 24 in total - of which 12 waves go up and 12 waves go down
The fact that the 12 waves going up are larger in lenght than the 12 waves going down - you could just say its one large bull wave :-)
Keith - u and i are missing in your alphabet wave - Elliot has forgotten about us ( lol)
I am looking forward to hearing off a few "EW experts" though because I am sure we will get at least 3 more different variations
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Comment by Keith Shaw on April 26, 2012 at 8:05pm
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Excellent spot Sir Gissachance, only a true pro from the ForeXmosphere would have spotted that.
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Comment by Keith Shaw on April 26, 2012 at 8:26pm
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Peter u got it , when that particular sequence was discovered ' u ' and ' i ' had not been born yet :-) . Now lets show Goncarlo some love ... ;-)
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Comment by Keith Shaw on April 26, 2012 at 8:31pm
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Comment by Peter jcp on April 26, 2012 at 10:49pm
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That's more beautiful G :-))
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