Elliot Wave Theory

[darkman]

Basic Elliot Wave theory signalled a buy at 250,although i'm not a whizz at it like R.J.Prechter,i have found a simple mathematical way of determining the FUNDAMENTAL value of gold,also works well as to determining peaks and [hopefully not ]the troughs of the Footsie .This may be useful for playing for the long term.I'm deeply suspicious of indicies,it seems that if a share in the index goes down,they then replace it with one thats going up!?!?.Same as the basket of goodies they use to calculate the inflation rate,they replace them with something else.I always thought that mathematics was a precise science,then along comes creative accounting!!!!.

[bigcumba]

Basic Elliot Wave theory signalled a buy.

and the BigC theory has just signalled a bye :Helooo

[MattR]

Having given the matter sincere and earnest thought, considered all angles and reflected on it's nuances, all in all I have to say I preferred the number threads.

[bigcumba]

I'm deeply suspicious of indicies,

me too... epecially the west indicies... that's why I never go there on holiday

[Win2Win]

Conclusion: Never stick a carrot in :butthead: of a lion, while wearing a necklace of steak :thumbs

[Onlyforfun]

There are so many different technical indicators that every significant event is predicted by at least one.

Only 2 of note for me, Fibonacci regression to predict support levels (NOT STAKING) and another that will remain nameless that uses an extremely simple theory and is very, very accurate on both short (5 minute) to long term (monthly) information - especially for straightforward markets like gold.

[Win2Win]

.....and another that will remain nameless that uses an extremely simple theory and is very, very accurate on both short (5 minute) to long term (monthly) information - especially for straightforward markets like gold.

Would this be a pin? :thumbs

[Onlyforfun]

Wonder how Darkmans share portfolio is doing...:D

The fundamental value of any asset is how much someone else is willing to pay your for it as we are finding out at the moment!

[Win2Win]

Anyone want to buy John's overdraft? :D