RE: To the many dreamers and kooks here....Those EWA who I follow, who declare Heely as thier guide have been more accurate in describing the market
As far as the EWA shrot term, I had them in May June....they were saying gold was going to tank (it hit its peak) the USD would climb to new highs (it sank)...they said bonds were going to crash-they went up
they completely stuffed the gold rally of the past two years, corrective wave or not,
the only thing they have been right on is that the indexes were going to sink...but you didn't need EWA to figure that out
perhaps your right on the book....but the compelling eveidence for his argument, to me, came not from wave analysis but just from the hard numbers.
In these markets being off by just a week or two can gut you...for far a combination of standard indicators, like VIX, put/call and the bullish percentage have been much more accuate in highlighting turning ppoints thatn wave counts and fib ratio's