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Old 07-05-2007, 04:08 AM
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Re: Bill McLaren

Dunno - I thought ABCD corrections where the 'norm' with B & D being the two lows. Actually I found Elliot's stuff fundamentally flawed having said that if you re-write the whole lot with 'move correction move' as the smallest building block (123) it makes much more sense. A standard elliot 12345 then becomes two 123's in the same direction one after the other. Doing this makes everything far more 'fractal' and symetric in nature.

The Mclaren stuff still looks intresting but I am a sucker for price action and market strucure type aproaches. Cant help feeling its all been covered by Gann & Dunnigan et. al. Of course this dosen't diminish the value and should be taken as praise rather than critiscm.

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