why I love the Elliott Wave Theorist

Doug Henwood dhenwood at panix.com
Fri Nov 1 14:58:37 PST 2002


Where else can you read prose like this?


>Next week should be a very active week. Monday will see a Super moon
>(perigee-syzygy), Tuesday is election day, which may posses
>quasi-cyclical properties, Wednesday is the Fed meeting on interest
>rates and Thursday is a Fibonacci time ratio date (21 trading days
>from Oct. 10 low). In addition, next week approaches the theoretic
>mid-point of the 10-week cycle, which last bottomed on October 10.
>All of this occurs with the blue-chip stock indexes closing up for
>the fourth consecutive week and with bullish sentiment greater now
>than it was at the August 22 highs when the Dow was over 500 points
>higher. We clearly see the makings of a second wave high, but the
>market does not appear to be there yet, which means higher prices
>ahead.



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