Daneric's Elliott Waves

Free EW charting and some good contributions from regulars

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.

Trust Score

1.0

User’s Review Ratings

Overall

prechter hochberg plagiarist and wannabe

Danerics is a blind-to-the-market (herding ewi countless series of wrong market calls he has called the P2 top dozen of times from the 2009 market lows) that just keeps deliriously repeating what he reads on the ewi reports, and act as if he was the one who told it first or the "genius behind the post".

what he says is completely unoriginal and told ten times before by others.. he just plays catch up with the latest ewi reports on the medium, and long term counts, and try to hide and differenciate on the very short timeframes, where he usually gives very odd, innatural counts just to keep in touch with the larger ewi picture which he has the mission to stick to at all costs.. even that of damaging those who still have not well understood the game he plays

he is just a just a plagiarist plagiarist parassite

Trust Score

1.0

User’s Review Ratings

Overall

Despite perma-bearishness, provides excellent commentary

I find this blog to be quite entertaining when it gives social mood commentaries and puts everything in perspective.

The multitude of top-calls since late 2009 have been annoying, but I guess all EWT persons have been doing that lately.

I wish Daneric actually traded regularly, then I find he would gain credibility.

Nonetheless, I check this blog daily because of the great effort he puts into counting waves and trying to give the bigger picture.

Trust Score

2.2

User’s Review Ratings

Overall

Not sold

There was a time when I was really into Elliott wave theory and I looked at the charts on this blog.... but now I sort of think with Elliot wave theory has lots of holes and uncertainties. This blog has nice charts and is well organized but not useful unless you really buy into Ellitott wave theory. The author is clearly a permabear which I don't like.

Trust Score

5.0

User’s Review Ratings

Overall

Bear in the cave!

I agree with the post below that he does show good charts, but the Elliot wave theory I don't buy it. You can find a lot of useful artciles on this page and some from a link to elliotwave.com. Being a bear myself I like some of the information I find on this site, but you won't find me hibernating. I like to roll with the market both ways, I'm just better when its going down obviously.

Trust Score

6.5

User’s Review Ratings

Overall

Permabear to the fullest

Pros:

Has great looking charts (if you are a bear)

well written articles

Free



Cons:

Sky is always falling

Focuses mainly on the Joke called Elliot wave theory where he changes counts, waves, like every day

People posting on the comments are newbies and not sophisticated and great traders like Slope of Hope.



Its a permabear's dream blog.

Trust Score

8.6

User’s Review Ratings

Overall