good news!

Doug Henwood dhenwood at panix.com
Mon Sep 2 11:12:15 PDT 2002


pms wrote:


>Well I've seen many elliot wave charts in articles by the gold buggies, so
>I'm familiar with the waves. So far I have not been able to delve into one
>of the articals for any long period though. That's why I wonder what you
>find "mystical".

What's mystical is the idea that prices of speculative assets should follow these patterns, and that you take your "knowledge" of these patterns and try to apply them to the semi-random inkblot-like price charts. And then, in Prechter's case, to say that social pheonomena like political movements and broad social moods, should follow the Elliott-dictated pattern.

Doug



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