You are quite correct Ed. There is no certainty that an Elliott...

You are quite correct Ed. There is no certainty that an Elliott Wave pattern will play out favourably, but sometimes it does, and if you are set, with fundamentals and maybe other TA indicators looking favourable, then you are ahead of the game. You can dive in with a reasonable chance of success, and if you are so inclined you can set trailing stock loss sell orders to protect your position. As I mentioned in my previous reply to you, I think that all of this is a numbers game. There is no single holy grail. People will do what they will; in my case I find judicious use of TA in conjunction with fundamental analysis to be a game changer. And when I talk of TA, I'm not referring to stochastics, RSI, momentum etc. I'd certainly avoid these if you don't want to be left walking around in a barrel.