Wave analysis fan club - page 51
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Self-critical ))))
I also do not exclude the possibility of the movement to 61.8% of the whole growth at 1.3047, (the limit of the fall at 1.2538, in which case the supposed KDT will be cancelled). I am concerned about the emerging pattern on the 4 hour chart...
In 2009 Preckter, in an interview, expressed these thoughts.... This is not a large excerpt from his interview, regarding the issue raised in the thread.
R.Prekter: ......... But there is a more fundamental reason, which is that no one can accurately see the waves reflecting the mood of the crowd in every particular case. Everything we can see in such waves is just a result of human actions to buy or sell securities. This approach is not ideal. Therefore, even if I believe that I have correctly identified the general mood wave, I have no reliable way of determining this........
Conclusion. No matter what anyone says, these are all illusions, which may remain so, and it is better to suffer from your own illusions than those of an outside observer......))))
In 2009 Preckter, in an interview, expressed these thoughts.... This is a short excerpt from his interview regarding the issue raised in the thread.
R.Prekter: ......... But there is a more fundamental reason, which is that no one can accurately see the waves reflecting the mood of the crowd in every particular case. Everything we can see in such waves is just a result of human actions to buy or sell securities. This approach is not ideal. Therefore, even if I believe I have correctly identified the general mood wave, I have no reliable way of determining this........
Conclusion. No matter what anyone says, these are all illusions, which may remain so, and it is better to suffer from your own illusions than from the illusions of an outside observer......))))
In 2009 Preckter, in an interview, expressed these thoughts.... This is a short excerpt from his interview regarding the issue raised in the thread.
R.Prekter: ......... But there is a more fundamental reason, which is that no one can accurately see the waves reflecting the mood of the crowd in every particular case. Everything we can see in such waves is just a result of human actions to buy or sell securities. This approach is not ideal. Therefore, even if I believe that I have correctly identified the general mood wave, I have no reliable way of determining this........
Conclusion. No matter what anyone says, these are all illusions, which may remain so, and it is better to suffer from your own illusions than those of an outside observer......))))
"Everything is learned by comparison".
The falsity of one's own illusions can only be understood in comparison with the mistaken illusions of others.
And it's too bad to be left alone with your own illusions if outsiders don't have them at all.
)))
And no one will ever tell you with 100% certainty what will happen in the market ;)
You, you didn't get my point, well, come on.
In 2009 Preckter, in an interview, expressed these thoughts.... This is a short excerpt from his interview regarding the issue raised in the thread.
R.Prekter: ......... But there is a more fundamental reason, which is that no one can accurately see the waves reflecting the mood of the crowd in every particular case. Everything we can see in such waves is just a result of human actions to buy or sell securities. This approach is not ideal. Therefore, even if I believe that I have correctly identified the general mood wave, I have no reliable way of determining this........
Conclusion. No matter what anyone says, these are all illusions, which may remain so, and it is better to suffer from your own illusions than from the illusions of an outside observer......))))
And no one will ever tell you with 100% certainty what will happen in the market ;)
up to 95% can be assumed with certainty - the remaining 5% make adjustments to the forecast with ambiguity in the development of the situation at the start...And that 61% is realistically reliable but not realistically achievable - the margin of error is 4%... hence the levels of achievement actually displayed in the figure below...
"Everything is learned by comparison".
The falsity of one's own illusions can only be understood in comparison with the erroneous illusions of others.
And it is bad enough to be left alone with your own illusions when outside observers have none at all.
)))
up to 95% can be assumed with certainty - the remaining 5% make adjustments to the forecast with ambiguity in the development of the situation at the start...And that 61% is realistically reliable but not realistically achievable - the margin of error is 4%... hence the levels of achievement realistically depicted in the figure below...