tag:blogger.com,1999:blog-816559531110064247.post6490825626617856690..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: Is this the long awaited correction?Cam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-816559531110064247.post-86005030959043153102009-11-02T06:38:33.604-08:002009-11-02T06:38:33.604-08:00I don´t rely on Ewave for anything but top level c...I don´t rely on Ewave for anything but top level confirmation and a clue of where the good risk/reward set-ups might be, I still look at volume, fractals, momentum and so forth to confirm. <br /><br />Lets abstract Elliot out of the equation for a minute. Considering market breadth divergence and momentum divergences, and of course fundamentals if you prefer, how likely do you think it is that the prevailing direction of the SPX is still down?Patrickhttps://www.blogger.com/profile/13614962832390315553noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-80384143455467637262009-10-31T08:38:22.646-07:002009-10-31T08:38:22.646-07:00Patrick,
I have never had much success with Ellio...Patrick,<br /><br />I have never had much success with Elliot Wave models so I can't really comment. The trouble with Elliot Wave is that the model is extremely initial condition sensitive. Depending on how you anchor the start of your wave, you could come to two completely different conclusions.Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-20149295964327514022009-10-30T15:08:20.679-07:002009-10-30T15:08:20.679-07:00What do you make of the Elliot Wave model that sug...What do you make of the Elliot Wave model that suggests the entire move from 666 was one big correction of the fall from 2007 highs and that we´re actually entering an even more dramatic push to new lows?Patrickhttps://www.blogger.com/profile/13614962832390315553noreply@blogger.com