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Title: Not A Practical Approach
Review: Elliott Wave is the least practical approach to Technical Analysis I am aware of. There are so many exceptions to the rules that govern EW that one can never gain enough confidence in the signal to put money to work. They say that if you get 12 EW practitioners in a room you will get 13 different wave counts. Believe me, there's a lot of truth in that statement! I am amazed that people actually take EW seriously.There are plenty of very useful books on Technical Analysis, although there aren't very many well written ones. I recommend any book by John Murphy, and also Trader Vic-Methods of a Wall Street Master which is a tremendous book that will teach you the most important thing to know; how to recognize the trend and when it changes.
