Stocks & Commodities V. 7:2 (39-39): Comparing wave predictions by Jack K.

Hutson

Comparing wave predictions

by Jack K. Hutson

The challenge in Elliott Wave analysis is identifying and counting the correct waves. In retrospect, identifying the start and end of waves is relatively easy and most Elliotticians agree on the historical wave count through approximately 1966. At this point, however, the argument begins. Figure 1 illustrates just how divergent the opinion on the current market's wave count is among cycle analysts. The chart shows Elliot Brenner's wave count vs. Robert Prechter's earlier outlook published in Stocks & Commodities. The winner of this wave count argument, of course, can be decided only after the fact. The analysis also seems to work best with major market indicators or averages of industries

FIGURE 1:

Figures

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