03-06-2012 Cycles and Elliot Waves

Elliot Waves are a methodology of tracking cycles.  I find it tedious with lots of rules and exceptions.  But here Elliot Wave in theory as applied to the growth (inventory or Kitchin cycle and its sub cycles):

OK, that is the theory.  May not be a perfect fractal as I interpret the Kitchin being divided into 9 Wall cycles.  Still I check EW sites from time to time to verify my analysis.  I am not an EW analyst, but here is the latest EW counts according to my understanding:

Hope - this enlightens.  I feel cycles and Elliot Waves are two different approaches to extract the same information.  I believe cycles are the simpler approach.

GL traders