I have a personal belief that ,any Practised Theory must have SOME portion which can be utilised in Mkt to give us little Edge,other wise that Theory cant withstand TIME.
Say MACD / RSI / MA / E-WAVE / Etc.
Before Negation we will have to find out conceptually What it is.With 1 or 2 software & few books we cant understood that Theory.The Quants have 100 % Logic to Negate anything which cant be tested & interpretated Scientifically.At least they have a knowledge base to fall back upon & Draw from it.A definite Methodology.
Elliot Waves & its interpretation are mostly Subjective ,becoz no 2 Gr8's of E.Wave practitioner normally agree on the Bigger / Smaller Counts.Interestingly Madam Silpa Setthy's navel to height proportion is exactly like mine & Mr Bin Laden.
My intention is not to start a debate but to draw a conclusion there may be some advantageous facet.
There is some problem cant Upload chart,will do it after relogging.