Slothrop Posted February 16, 2003 Report Share Posted February 16, 2003 "Wave Theory Should Be Used in Conjunction with Other Technical Tools. There are times when Elliott pictures are clear and other times when they are not. Trying to force unclear market action into an Elliott format, and ignoring other technical tools in the process, is a misuse of the teory. The key is to view Elliott Wave Theory as a partial answer to the puzzle of market forecasting. Using it in conjunction with all of the other technical theories...will increase its value and imporve your chances of success." -- John Murphy, TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS. page 342. Link to comment Share on other sites More sharing options...
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