Re: Elliot Wave...
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This seems like the ultimate way of being results oriented, but a lot of big-time industry execs vouch for it, so I'm curious if anyone can explain why?
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Who vouches for it? Not any of the top long term investors that I am aware of.
Remember that when you see a technical analyst from a big brokerage/wall street firm, he's not employed because the firm believes in or uses his approach. He's there because technical analysis promotes excessive trading and commissions, that's why they like it. It's the same reason that Abby Joseph Cohen and her ilk have jobs, their predictions encourage clients to make sector rotations so their employers can rack up more commissions.
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