EW works. Period
The problem lies with the text that is available(ie Prechter,Neely etc).The knowledge that they provide is their perception(which is absolutely wrong).Infact i can categorically say that why such softwares like RET,AGet give different counts is because of the knowledge that was made available to the software designers.The knowledge is incomplete.
Even with this limited knowledge(perhaps i shud rephrase it to incomplete knowledge)the profits that can be made is enormous(due to probability theory).
Case in my point is my suggestion to karthick long back that with time even caldaro will have to chnage his count on BSE which he did.This was b4 december when i wrote to him about market topping out.Numerous times in recent past i have made successful calls during intraday and projecting turn points,to some of my trader friends here.
Its the lack of application in thinking why the market is, as it is, and the incomplete material that is available to the public that is responsible for EW bashing and nothing else.
Trust me,it helps when u r prepared and when u know b4 others whats going to happen.
The problem lies with the text that is available(ie Prechter,Neely etc).The knowledge that they provide is their perception(which is absolutely wrong).Infact i can categorically say that why such softwares like RET,AGet give different counts is because of the knowledge that was made available to the software designers.The knowledge is incomplete.
Even with this limited knowledge(perhaps i shud rephrase it to incomplete knowledge)the profits that can be made is enormous(due to probability theory).
Case in my point is my suggestion to karthick long back that with time even caldaro will have to chnage his count on BSE which he did.This was b4 december when i wrote to him about market topping out.Numerous times in recent past i have made successful calls during intraday and projecting turn points,to some of my trader friends here.
Its the lack of application in thinking why the market is, as it is, and the incomplete material that is available to the public that is responsible for EW bashing and nothing else.
Trust me,it helps when u r prepared and when u know b4 others whats going to happen.