I've followed this free blog for a long time and appreciate the effort put in by the owner. He works hard to present various alternative EW counts, and often present pretty useful charts analyzing the hourly sqiggles. I've found that he comes up with the goods on short term moves often enough that I have profited from daily visit to his site. It's true that like a lot of Elliott Wavers, he has been diligently attempting to identify the top of the infamous P2 and the start of the long-awaited P3. This has led to periodic frustration and anarchy among blog followers who think it's a good idea to take other folks' opinions to the bank.
In more recent times, Daneric has started to present alternative counts that speak to bullish potential as well as his own bearish perspective - a helpful reality check for those inclined to marry one market view regardless of the evidence.
He notes that for him counting waves is a hobby and that his site reflects his personal opinion. Maybe that caveat needs to be spelled out in fewer syllables for the benefit of those looking to blame others for their own poor trading decisions.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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