{"product_id":"v227prreel71","title":"V. 22:1 (70-71,85-86): Product Review: Elwave 7.1 by David Penn","description":"Product Review: Elwave 7.1 by David Penn\u003cbr\u003e\u003cbr\u003eAs someone who has\nbeen studying Elliott\nwave theory for the past\nfew years, the first\nthing I wanted to know when I fired up the latest version of\nPrognosis Software Developments\npopular Elliott wave analysis software,\nELWAVE 7.1, for this months review\nwas straightforward: how close were\nmy wave counts for the Standard \u0026amp;\nPoors 500, gold, and the US dollar\/\neuro to those derived by the complex\ncomputer algorithms of ELWAVE 7.1?\u003cbr\u003e\u003cbr\u003eHonestly, though, any of those who\nhave been (and remain) critical of Elliott\nwave methodologies have built their\ncase historically upon the absence of\nquantifiable evidence (that is, computer\nalgorithms) to support the Elliott wave\nthesis as first developed by Ralph Nelson\nElliott in the early decades of the 20th\ncentury. Elliott wave partisans and practitioners\nhave countered with the notion\nthat Elliott wave theory sometimes referred to as the wave principle is,\nwhile rigorous, more art than science.\nFurther, the 1990s saw a number of\ncomputer software programs geared\ntoward reproducing Elliott wave counts\nand wave projections for stocks and\nbonds, currencies, futures, and indexes\n from software plug-ins and add-ons\nto complete Elliott waveoriented systems\nsuch as ELWAVE 7.1.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133981978993,"sku":"\\V22\\C01\\015PREW.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a724ed7b-8b12-41fa-9039-b5f3e197ec63.jpg?v=1739660316","url":"https:\/\/shop.traders.com\/products\/v227prreel71","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}