COMPARIng Wave Predictions
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Transcript of COMPARIng Wave Predictions
Stocks & Commodities V. 7:2 (39-39): Comparing wave predictions by Jack K. Hutson
Comparing wave predictions by Jack K. Hutson
The challeng e in Elliott W ave analy s is is identify ing and counting the correct waves. I n retrospect, ide ntifying the sta rt a nd e nd of wa ve s is re lative ly eas y and most Elliottic ians a gre e on the historic a l wave count throug h approx imately 1966. At this point, however , the ar gument beg ins.
Figu re 1 illustrates just how diver gent the opinion on the current market' s wave count is among cy cle analy s ts. The chart shows Elliot B renner' 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 1Copyright (c) Technical Analysis Inc.