Category: Money Tips Date: 2006-09-02
1, wave theorist's view of the phenomenon is not uniform. Each wave theorists, including Eliot himself, often are subject to a problems, is a wave has been completed and start up another wave do? Sometimes a look is the first wave, B is the second wave to see. A hair's breadth difference, missing the thousands of miles. The consequences of wrong could be very serious. A set of theories can not be used to determine the risk of the extraordinarily high stock market, the operation of the error enough to make people suffered heavy losses.
2, or even what constitutes a complete wave, but also no clear definition of the market rise and fall times do not follow the vast majority of three or five liters of this mechanical fashion. But the wave theorists have misinterpreted that some should not be included into the waves rise and fall inside. The number of waves is entirely subjective and arbitrary.
3, wave theory, the so-called extended waves, sometimes five waves could be extended into nine waves. However, when or under what criteria it could be extended under the waves? Elliott has not made it clear that, so that the number of waves into their own thing as inspired by their own to think about.
4, wave theory, there are waves and waves can be infinitely extended, that is, l can be an unlimited increase in city, are on the rise among the waves, a giant wave, over a hundred years can be. Down waves can also be dropped without a trace are still in the fall wave. Unfinished as long as the uptrend is still rising on the waves, the downtrend is still unfinished on the waves in the fall. What is the role of such a theory? Lang Lang to speculate whether the top end of the running time is very suspicious, equivalent to pure speculation.
5, Elliott wave theory is a set of subjective analysis tools, there is no objective criteria. Operation of the market is influenced by emotional factors rather than the mechanical running
