Thommo,Yeah, I've read plenty of Elliott Wave stuff over the...

Thommo,

Yeah, I've read plenty of Elliott Wave stuff over the years and I'm pretty skeptical.

To me, it seems more like a "hind-casting", rather than a forecasting tool, in that you only know with certainty what the a-b-c and 1 to 5 waves are once it's all happened.

You have followers continually arguing about what count we are in at a given time and what sequence. Additionally, if you change your timeframe (say, from daily to weekly), the entire pattern can change.

So, no - it's never really appealed to me.