tag:blogger.com,1999:blog-3310402797768514899.post457835114686048345..comments2023-11-05T03:39:11.575-05:00Comments on The Technical Take: Investor Sentiment: What Does It All Mean?Guy M. Lernerhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3310402797768514899.post-75301918327834783852010-01-02T13:10:04.554-05:002010-01-02T13:10:04.554-05:00Onlooker:
What you say is true. If it works for ...Onlooker:<br /><br />What you say is true. If it works for you that's good. If you apply the methodology consistently that's even better.<br /><br />But I suspect like my methodologies or systems, there are good times and bad.Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-72506358814883695242010-01-02T12:36:42.579-05:002010-01-02T12:36:42.579-05:00Well, I'm clearly not going to change your min...Well, I'm clearly not going to change your mind. But that's alright, I don't need to, and don't really want to. <br /><br />I'm not going to disprove or prove anything so complex in this comment section, whether I wanted to or not.<br /><br />I do find that the emotional and sometimes vitriolic reactions that EWT brings sometimes (not saying here, necessarily) is kind of funny actually.<br /><br />Whatever, we'll all make our own choices, and have to live with them.<br /><br />CheersOnlookerhttps://www.blogger.com/profile/07742157936955263465noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-5587902434227620292010-01-02T09:36:19.299-05:002010-01-02T09:36:19.299-05:00Anon:
Nice. I couldn't have said it better.
...Anon:<br /><br />Nice. I couldn't have said it better.<br /><br />My questions are: 1)if EWP predicted the March bottom and subsequent, what does it say now? Obviously something so perfect would have an opinion now.<br />2) How about past predictions based upon the same set of circumstances?<br /><br />By the way, Aronson's book, <a href="http://www.amazon.com/Evidence-Based-Technical-Analysis-Scientific-Statistical/dp/0470008741/ref=sr_1_2?ie=UTF8&s=books&qid=1262442798&sr=8-2" rel="nofollow">"Evidenced Based Technical Analysis"</a> is an important, but very much overlooked book, in the field of quantitative analysis; why is is overlooked? I suspect because it is a difficult read and because it shows that most things in TA don't work. This is not what people want to hear.Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-63489523137959796232010-01-01T23:43:36.566-05:002010-01-01T23:43:36.566-05:00If you want to find a pattern in the tides, there ...If you want to find a pattern in the tides, there is no better system to derive something out of nothing than Elliot Wave. I applaud you. Dart boards are a simple method, but what is the fun in that.<br /><br /><i>The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.</i><br /><br />Quote from:<br />Evidence-Based Technical AnalysisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-42420382927436011262009-12-30T18:24:34.387-05:002009-12-30T18:24:34.387-05:00"There is no doubt this has been an unprecede..."There is no doubt this has been an unprecedented move that was not predictable back in March, 2009."<br /><br />Wrong. Elliott Wave. But that's all right. We don't want too many people catching anyway. It would ruin the whole thing.Onlookerhttps://www.blogger.com/profile/07742157936955263465noreply@blogger.com