Elliott Wave theory - why does it work?

[amitt29]

Aptly put.

 

[uasish]

Now what will one say of Eveready Industries (+) 4.17 than prev close & (+) 7.85 % of my cost.It has completed it's 5 Down Waves .

 

[amitt29]

Eveready will be a buy for me above 59 only.Minimum target wud be 150.
Else hmm.

 

[uasish]

So now Eveready Industries (+) 8.31% ,now i will have to forget about my 2nd Entry (below the 1st one) rather change it to Pyramiding.
My 1st entry is now (+) 21.00 (above)

 

[uasish]

Nifty (-) 20.30 points Eveready (+) 8.31 %

 

[uasish]

12.00 Noon Review;
Nifty (-) 14.90 points
Eveready Imdustries (+) 7.35 %

 

[uasish]

Eveready in comfort zone.

 

[uasish]

Review at 2.26pm
Spot Nifty (-)0.04 % vis-a-vis
Eveready (+) 7.16 %

 

[uasish]

Nifty (-) 0.51 %
Eveready Industries (+) 8.12 %

Metastock signal + EW (deadly combination)

 

[Czar]

great call on eveready sir, what is the life (price) expectancy & what would be the stop now ?