Tuesday, February 21, 2006

Elliott Questions

Idejan,

You bring up an interesting topic, that I had few days ago with a friend concerning grand super cycles and currencies.

I was thinking that original EW was analyzed using stocks /commodities, a single vehicle. Where as currencies are a comparison of two individuals. I thought that each currency in the pair would have EW cycles in itself, cycles of growth and recession but not necessarily in opposition to the other pair. So the exchange rate as we view it would exhibit EW structure, but I reasoned it to be more like and ongoing very large corrective pattern, where the top would not be infinite nor the bottom zero.

Just curious to your thoughts.

Been very busy here at the cave, will try to get back and answer some questions.

Great day everyone.

Bear

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