Did we just end a "classic" A-B-D-E Wave 4 on the Dailys? Is this the beginning of a Wave 5? Any thoughts?
Is wave 5 where western civilization goes off the edge of the world and we all invest in bullets and farmland?
No, Wave 5 is when the government "pumps-up" GDP on lots of defense spending because we "fear the enemy".
I feared the enemy when they screwed up the twin towers but now I think they are slightly comical. Wave 5 must be where we wake up from our analysis induced slumber, realize it is all bullshit and kick some ass.
We've been in wave 5 for some time now, some counts show 5 is done and I admit it is getting more probable. I'll keep that in mind but for now here is my current count. Wave 51= 19.76 on 10/9/2002 Wave 52= In Progress Wave 52A= 28.79 on 11/29/2002 Wave 52B= 23.32 on 2/13/2003 Wave 52C= In Progress For a chart and a complete count visit: http://www.geocities.com/wallstreetmoney1/Ewave.html
Right, and if it turns out different you will say "oops, this wave way back here wasn't really a wave at all"
I just did a google search on backtest and elliott wave looking for some backtested results. Guess what, so far I'm not really finding "backtested results" and "elliott wave" on the same page. I of course being an unbiased seeker of truth will keep on trying to find that, endlessly.