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While some of you think that I dismiss your comments to my articles, I will be honest with you that some comments make me think, whereas some just make me scratch my head.
Last week, I outlined one of the issues that many have with EW, and that is related to the provision of a primary count and an alternative count. And, I addressed that concern as follows: Again, this is simply based upon a lack of understanding as to how Elliott Wave analysis works. I have addressed this argument many times before, but I think it is worthwhile to address it one more time.
Throughout the years I have been writing on Seeking Alpha, many readers have recognized that we have been quite accurate in our market prognostications, yet they have had a hard time understanding the lens through which I view the markets.
I want to first start by stating that in all the years I have been doing research and analysis into financial markets, I have not found a single form of analysis that provides market context as does Elliott Wave analysis. In fact, it was the reason I was so confident in my expectation that the market would exceed the 4000SPX region even though we were down in the 2200SPX region last year.