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Elliott Wave Trader

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219 Comments
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Freds
Freds
June 22, 2019 6:35 am

Armageddon Avi I call him . Been using the end of times pitch for over a year now Just another subscription salesman. Articles target new subs or newbies replacing all the existing subs that drop out Was running at $79.99 special on stocktwits. LOL

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Avi Gilburt
Guest
Avi Gilburt
May 25, 2020 5:56 pm
Reply to  Freds

This is 100% untrue. Anyone who actually has been following my work would know that I did not expect the bull market off the 2009 lows to complete until around 2023 and us being over 4000. While I wanted to see a drop to the 2200SPX region before we rallied to 4000+ does not mean I was calling for armageddon.

100% false!!!

Michael Wagner
Guest
Michael Wagner
September 21, 2020 3:55 am
Reply to  Freds

I completely disagree, Freds. No one has a crystal ball – this is an endeavor of probabilities, and Avi and his professional crew highlight all of the possibilities, advising the higher probability set-ups, catching most of the twists and turns. I have been a member since about 2012 so I definitely know what I am talking about.

Martin G
Guest
Martin G
December 1, 2019 9:44 pm

Avi is a salesperson, period. He is subject to biases and views that may at times benefit his subscribers, and at other times, devastating. There are no good metrics to measure his results over time and most of the testmonials are anecdotal in nature. Be careful about the praises and gloating that occurs on a very selective nature.

I have been a subscriber to his website for over 5 years and have seen both the good and bad. In hindsight, I wish i had never come across this website, as my portfolio’s continued poor performance was strongly influenced by his often very subjective views and biases.

Avi Gilburt
Guest
Avi Gilburt
May 25, 2020 5:55 pm
Reply to  Martin G

I am sorry, but to suggest that you were a member for 5 years even though you view us as being bad is simply not believable.

In fact, most of the members that began with our site 8 years ago are still with us until this very day. There is a reason we have grown to over 6000 members and over 500 money manager clients within that 8 year period. . . and I can assure you it is because we are right a heck of a lot more than we are wrong.

ravi1971
Member
ravi1971
December 16, 2019 11:03 am

Unfortunately I have to agree with the opinions below. Service is very biased and absolutely lacks flexibility when it comes to recognize the market is doing something it wasn’t “supposed” to do based on pure Elliot Wave analysis.
The main analysis is extremely incomplete if not superficial, based on the likelihood of being in a certain wave pattern and an often incorrect interpretation of the MACD. No other information is taken into consideration: market internals, fund flows, option activity, fundamentals.. everything is disregarded as meaningless in front of EW.
Well, this approach does not work and it’s also not verifiable.
The problem is also that this weak analysis is often presented very eloquently and with the utmost confidence, so it’s easy to fall for it.
Overall I say.. save your money and learn how to structure a balanced portfolio (or have someone do it for you); you are much more likely to succeed then by trying to time the market using a seriously incomplete framework with no measurable results.

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redcat
Member
redcat
March 15, 2020 4:49 pm
Reply to  ravi1971

I’m afraid the service is purely geared to new members as the old recycle out after losing their money. They invest a lot of time in their own PR and sales. Definitely avoid.

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wealthywannabe
Member
wealthywannabe
March 19, 2020 10:49 am
Reply to  redcat

Do you have any sense of the cancellation rate? Did you chat privately with any fellow subscribers? I subscribed for several years and finally cancelled just recently. I felt like I gave it a fair chance. I was very disappointed.

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rudy
Guest
rudy
July 21, 2020 11:38 am
Reply to  redcat

websites like this will help new subscribers determine if the service is valuable and worth the money; thank you very much for all the feedback on this unbiased site; saves money to all intelligent investors

redcat
Guest
redcat
March 16, 2020 4:00 am
Reply to  ravi1971

You need to very very wary of the testimonials which look dubious, especially on sites such as Seeking Alpha where he seems able to delete comments that point out his poor performance.

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mgchute
mgchute
August 24, 2020 1:42 pm
Reply to  redcat

He used to be on Tip Ranks, which showed his performance as dismal. He, along with other poor performers, are no longer on that site. Stock Gumshoe, in my opinion, is one of the best newsletter ranking sites where you can obtain free picks. And Travis has a sense of humor while he dissects the many get-rich-quick offers that get his attention.

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Avi Gilburt
Guest
Avi Gilburt
May 25, 2020 5:51 pm
Reply to  ravi1971

What is most interesting if that most of the posts here seem to be upset with my missing the move from 3100-3400SPX. And, yes, I missed that, as I did not expect that move. Rather, I expected a move down to 2200 first. And, in the mean time, those that still followed me not only did not get hurt by that decline, they also benefited from the short I was outlining in the EEM in Jan and Feb.

So, while I did miss the 300 point move from 3100-3400, I certainly was not long during that crash . . in fact, I was outlining the short set up in EEM!!!

While some of you were upset about us missing that move to 3400 from 3100, our members who stuck with us were quite happy at the end of the day. Moreover, there is a reason we have grown to 6000+ members and over 500 money manager clients. And, I can assure you would not be able to do so if we churned . . . our retention rate of members is extremely high.

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Tim
Guest
Tim
March 2, 2021 4:03 pm
Reply to  ravi1971

I remember when Arvi stated on Market watch that Gold was going to hit 25K. I thought what a joke, it had not even hit 2K and the guy was making wild claims of 25K. Not only was he wrong but Gold pulled back and has yet to trade to 2K, he made this idiotic prediction in 2015. Here is the original article

https://www.marketwatch.com/story/avi-gilburt-doubles-down-gold-is-going-to-25000-2015-06-12

So I can see how he spends more time in marketing his product than on actual analysis. No Analyst worth his salt would make such an idiotic statement in regards to Gold

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Avi Gilburt
Guest
Avi Gilburt
March 2, 2021 4:25 pm
Reply to  Tim

Clearly, you do not know how to read, as you can’t get something as simple as my name right.

But, if one actually read my analysis in 2015, you would know that I called the top to the gold market in 2011 within $6 of the actual high, and was looking for a drop back down from the 1921 region high to the 1000 region.

Within this analysis, I was calling for a bottom near the 1000 region, and expecting to start a multi-year bull market, with my FIFTY YEAR projection being the 25k region.

So, if you actually read my work, you would know how well we have navigated the market over the years. Yet, you need to be able to read . . . which is likely a skill you lack when you make a post like this.

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wealthywannabe
Member
wealthywannabe
March 19, 2020 11:53 pm

Before I begin, I’d like to say that the analysts and Avi were all very nice people, so what follows is not based on any personal hostility toward them.
I subscribed to Elliott Wave Trader (EWT) for several years; I wanted to give it a fair chance. Recently I discontinued my subscription, though, because it was just too unreliable. Starting in around mid-January 2019 and for practically the entire year, the service was calling for a reversal after a brief bounce following the sell-off in 2018, and the reversal would ultimately take the S&P to around 2200, which was supposed to set us up for a final bull leg into the 2022-2024 time frame at S&P 4000/4500. So most of 2019 I sat on the sidelines since EWT was showing an imminent reversal. I lost track of how many times Avi said that the market was tracing out the last squiggles of the top of the wave 5 we were in, which would be followed by a sharp reversal down to S&P 2200 or so. Meanwhile, the market blew through every topping level shown in his charts. I had my best results in 2019 when I started to realize that Elliott Wave was no better than simple technical analysis and I went against the EWT charts. A simple (and free!) moving average crossover method would have kept you in the market most of 2019 and gotten you close to the index averages. But if you had traded EWT charts alone, without any additional technical or fundamental indicators, you wouldn’t have come even close. Any subscribers who made money in 2019 had to be using some other indicators as well because EWT was wrong the whole year. Indeed, other subscribers said they did just that.
I look back on the time of my subscription to EWT as largely a waste of time and money. Actually, it’s worse because I lost money trading based on their charts. The waste of money is especially painful, not only because I lost money taking trades based on setups shown by their charts, but also because of the opportunity cost. To his credit, Avi did acknowledge that market conditions were very challenging and that he was as frustrated as anyone (he never came out and said the truth, which was that his method had failed miserably, but as the business owner, he couldn’t be expected to go that far; after all, he presumably wants to keep making a living doing this); he said – and I believed him – that he felt bad about the fact that his analysis was causing people to lose money or sit on the sidelines and miss out on some excellent opportunities, but he reassured us that every week he conducted his analyses looking at the market from multiple angles and using different assumptions, but the market looked bearish to him and he had to call it like he saw it. When the market kept chugging higher, I decided to end my subscription because I realized it was certainly no better than what you can get for free, and probably actually a lot worse. I saw enough charts over the years of my subscription, especially in the last two years, that ended up being so wrong, they could have been used as contrary indicators. It now seems to me like a faith-based approach; you really have to be convinced that it will work, that it’s just hit a glitch in the last couple of years but will get back on track soon enough, and then the money’ll start rolling in. There were just so many wrong charts that I lost all confidence in the method. I take responsibility for the money I lost, but I had to stop the bleeding at some point. Yet every time the analysis was right (and it was sometimes, but what analyst is wrong literally all the time?), some subscribers would inevitably congratulate them on their excellent analysis. I thought, “How short is your memory? What about all those times they got things terribly wrong?”
I read an article once by Alexander Green at Investment U about what a joke Elliott Wave was, but I dismissed it. I even snickered at Green. I wish I hadn’t. If you want to give EWT a try, be sure to use stops or hedges and some other form of analysis. The marketing for the service is very good, meaning slick and deceptive. They give you the impression that Elliott Wave is perhaps not a crystal ball, but the closest thing to it in the trading world. It’s not. They’ll talk about how the price on some stock stopped short of the target by a mere penny or two, but of course there are many examples of when it didn’t and blew past it to either the upside or the downside. I got to the point where I had lost all confidence in the analysis and couldn’t bring myself to enter any trade based on their charts. And when it goes wrong, the analysis gets very ad hoc. For example, when stocks or the indices blew past their upper targets, which they did frequently in 2019, it was called an extension. That’s Elliott Wave lingo for “We were wrong, but we’re not going to say that. We’ll just say the price blew past where we thought it should top.” If things don’t go all the way down to their downside targets, then the wave is truncated. How do you trade that? If any wave can be extended or truncated, you might as well use tools that your broker’s website gives you for free. That’s my feeling right now anyway. The charts and the analysis have the aura of being scientific. There are all sorts of waves denoted by Arabic and Roman numerals in circles, parentheses, or without either.
Of course, I realize that the foregoing criticisms could apply to just about any form of analysis, which is why you have to pick one that makes sense to you. Over the years, I’ve learned, though am not always good about practicing, that the most important thing is to have rules, especially a rule for getting out or making adjustments. Follow some basic, commonsense rules, and you should be able to make money in the markets.
As I write this, on March 19, 2020, the market is in free fall. Of course, I can imagine some people, including and especially the analysts, are feeling vindicated for all their bearishness throughout 2019, but other people I follow who don’t use Elliott Wave were also urging caution before the plunge started on Feb. 20. So I feel no urge to restart my subscription with EWT.

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Avi Gilburt
Guest
Avi Gilburt
May 25, 2020 5:47 pm
Reply to  wealthywannabe

Yes, we were calling for a reversal and did not expect the SPX to head to 3400 when we moved to 3100. But, if you really were following us, you would know that I was shorting EEM in January and February because it had the best short set up and I did not believe the bullish move in SPX.

And, since then, looked where we dropped to and bottomed so far . . 2200!!! YUP!!!

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alexmark
alexmark
May 8, 2022 1:26 pm
Reply to  Avi Gilburt

Well, Avi, you should admit that the end of 2019/beginning of 2020 has been a clear proof of the huge limits of your method. You struggled a lot to fit the market into your calculations and the outcomes have been very disappointing. Not only you missed the top by 10%, but you also missed the March ’20 bottom by 30%! At the end of January ’20 you were still forecasting a bottom at around 3100! In fact, you expected a bottom at 2100 in October/November ’19, then that bottom disappeared from your charts for 4 months and magically reappeared only one week before it was actually hit in March ’20 (we were already at 2700 or so at that time) .
So, if you are a medium to long-term investor, the daily charts are just useless, because they very often fail to correctly forecast the major market pivots, let alone the correct timing!
But, what I find really annoying, is not the fallacy of the method (which is quite understandable for anyone who knows how unpredictable the market is), but the fact that all your articles (e.g. on SA) say that you correctly predicted everything! This is just unfair! In fact, those articles convinced me to subscribe to your service, so they are quite effective.
By the way, the whole story is on again in 2022 because you predicted a fall to around 4300, while we already hit below 4100, which was the lower limit of your Major Market Pivot.

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Avi Gilburt
Guest
Avi Gilburt
May 13, 2022 5:47 pm
Reply to  alexmark

Let me get this straight. It’s now 2022, and you are complaining about something you think I missed 2 years ago? THAT is what you are now complaining about? And, as for the current moves, I suggested to our members we are about to see “the biggest pullback since the 2020 low as we move into 2022” . . and my minimum target was the 4300-4400 region., with potential to drop down to 4100SPX. So, has the market dropped more than I expected? YES. Does that mean I am not 100% perfect? YES. But, show me one person who is even close to as accurate as we have been for years!?!?!? And, don’t worry, I am not holding my breadth for this response!

alexmark
alexmark
May 14, 2022 2:41 am
Reply to  Avi Gilburt

I could complain for things happened even before 2020! That’s the essence of backtesting and I perfectly understand why it upsets you that much. Did you miss the top? YES. Did you miss the bottom by 30%? YES. Did you ever admit that outside EWT? NO! And it’s all over again in 2022, when you’ve been wrong for 5 straight months, missing the bottom by over 300 points from the first bottom in January (that already had “potential to be the major bottom”, as you also said for the second lower low, and then the third, the fourth….). And what about NQ, where you missed half of the drop so far? Of course, you update your chart 100 times a day so you’re sure that at least one will be nearly correct, but the fact is you struggled for months trying to fit the market moves into your “magic” charts. That’s not forecasting: that’s watching. And anybody can do that for free.

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Avi Gilburt
Guest
Avi Gilburt
May 16, 2022 10:43 am
Reply to  alexmark

Did I miss the top in 2020? NO. I outlined a short trade I was even taking, and even posted an article publicly about it. Did I miss the bottom? NO. I even outlined in the trading room EXACTLY where and when I was going long. Did I miss the top this year? NO I outlined the entire last quarter of 2021 the we were approaching a top and I expected “the largest pullback we have seen since the 2020 low as we move into the first quarter of 2022”. But, yes, I did not expect that we would drop below 4100SPX. So, am I perfect? NO. Are we more accurate than most everyone else? YES

Bunker
Guest
Bunker
May 16, 2022 2:50 pm
Reply to  alexmark

It seems what you expected from Avi’s service is a bit different than what some of us longer term members expect. For myself and many others, when the market is singing a happy tune, we want to know where support and resistance exist to support our positions. Looking at Avi’s longer term charts we get that information.

But I think you may have missed the point of what happens when the market doesn’t respect those pivot points. That is the time when Avi and his analysts have excelled.

Counts should always respect present Price, and when the road curves you want to be made aware of that change. If the market always did what charts expect them to do, we can set tomorrow’s price today, and not wait. But when these pivot points are exceeded the road map changes. And if we have a support at 4100 which breaks (for example), we want to know how that affects the longer term chart. There’s nothing wrong with changing your perspective on support and resistance within a larger count if you approach each pivot within your longer term chart in mind.

And even though he missed mapping as his primary direction a chart below 4100 early, members received updates that were designed to keep those who are able to hedge safe as we reached resistance on the head fakes higher that we’ve had over the last few weeks, with pretty clear pivots to watch for now.

I don’t think anyone will be right 100% of the time, but Avi’s ability to look at Price without being swayed by fundamental garbage, his ability to be wary of change, and most importantly–his availability to respond to members inquiries quickly as a rule, not an exception–highlights the value of his service.

When he gives alternate structures they are just that. He is admitting the fact that markets don’t move in straight lines, and that a lesser wave can morph into a larger one. But it doesn’t have to, and he would be doing less posting if he wasn’t so concerned about being on the right track.

I understand why Avi himself replied to your post, but in my opinion he doesn’t have to do that. There are enough long term members on his site to attest to his dedication, and the dedication of his staff to getting it right the first time, but being willing to adapt to new circumstances. He is not going to hold you hand and tell you to trade, but he will give you the parameters to make that decision for yourself.

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Last edited 1 year ago by Bunker
DrDoom
Guest
DrDoom
May 1, 2020 9:00 am

After reading the reviews below I joined the free trial just to research Avi’s track record and the comments below are accurate. While other Elliot analysts were qualifying their bullish forecasts with the possibility of a Black Swan event i.e. the corona virus Avi kept insisting that the S&P would go to 3500 -3800 even when the market was crashing. There is an incredible amount of bias and Avi kept insisting that the March selloff “wasn’t supposed to happen” — simply because it wasn’t in line with his analysis. I don’t expect analysts to be 100 percent accurate but there was no consideration of the fact that we had an inverted yield curve predicting recession and that bull markets don’t last forever.

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Avi Gilburt
Guest
Avi Gilburt
May 25, 2020 5:46 pm
Reply to  DrDoom

This post is 1000% untrue. If you had been following me, then you would know my members were actually upset that I did not buy into the S&P rally over 3100, as the IWM and EEM were not confirming. In fact, those that followed me know that I was shorting the EEM in January and February.

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johnnygeneric
Member
johnnygeneric
September 21, 2020 9:03 am
Reply to  Avi Gilburt

Avi, I vividly recall your caution as we headed into that pivotal time. My wife had just received an inheritance from her father’s estate. Her dad had money in an SPX index fund. I sold half the shares and kept as cash. All based on your analysis. That money is safe, thanks to you. When we hit the bottom which is coming soon I’ll redeploy the money back into the index fund.

As you have stated, the coming Bull Market that is coming will be absolutely AMAZING. That doesn’t sound like “Armageddon Avi” LOL!!!!

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elliott wave trader
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Money not well spent
Guest
Money not well spent
May 6, 2020 8:52 pm

I had subscribed to Elliott Wave Trader for 4 years and made a sincere effort to learn Elliott Wave Theory as well as learn from the commentary and advice of the service. I can best sum up the service by saying a broken clock is correct twice a day also. I initially totally bought into Elliot wave theory and will still say that there is something to it. But it is at best not a useful tool to help in speculating on potential future moves, especially when their advice gives subscribers multiple options for a situation saying the move may go up and the alternate move would go down. Use the money you were going to spend on a subscription to purchase some books on technical analysis and candlesticks.

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Avi Gilburt
Guest
Avi Gilburt
May 25, 2020 5:44 pm

I am sorry, but if you were with us for 4 years you certainly benefited from our work. To suggest otherwise is simply ridiculous. There is a reason we have grown to over 6000 members and over 500 money manager clients within 8 years . . . and it is not because we have a bad track record.

Gwashn
Gwashn
July 27, 2020 9:59 pm
Reply to  Avi Gilburt

That is very rich, because don’t allow anyone to see your track record. You are hiding something.
The fact that you have a large number of clients means little if you don’t post your record.
My suspicion is that your successful business owes more to successful marketing.

Avi Gilburt
Guest
Avi Gilburt
May 26, 2020 10:52 am

The funny thing about a site like this is that it represents a handful of people. When you consider that the greater majority of weight of evidence sits with the 6000+ members on the site, that should explain the ratio of those happy with our service relative to those that are not.

While we are clearly not going to be for everyone, we get messages like this ALL the time from members. This one was very recently sent to us by a money manager client:

“Avi, you are the best strategist that I follow and you have made more prescient calls than anyone on the street. I currently subscribe to your service and am very pleased. I have been a licensed financial advisor for over a decade and worked at a number of Fortune 500 companies in my career, including usbank, Morgan Stanley, Russell investment and now am a director and lincoln financial and i can tell you that none of the so called experts have virtually an ability to determine market direction. With your insight, I have made a killing and am basing my strategies around your advice. Keep up the good work and ignore the naysayers who are missing out on your sage advice! “

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redcat
Member
redcat
July 4, 2020 3:19 am
Reply to  Avi Gilburt

On the contrary this is an open site containing the uncensored opinions of people who have taken your advice and it is clear they have paid unfortunate financial consequences. This is not Seeking Alpha the only public site where you post and where you have editorial ability to delete comments and avoid any analysis of your results.

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Gwashn
Gwashn
July 27, 2020 9:56 pm
Reply to  redcat

Well said. The last thing he wants is for anyone to analyze his results. That is a HUGE red flag.

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mgchute
mgchute
August 24, 2020 2:09 pm
Reply to  Avi Gilburt

That testimonial is like so many others I’ve seen over the years. You’ve provided no proof the testimonial is real. I’d happily fork over my hard-earned cash over to businesses that are transparent, and performing well. I want to see a verifiable track record and could care less about testimonials. I followed you for free until I found you on another site I follow- Tip Ranks- and discovered your poor your track record. You then disappeared along with other poorly-performing newsletter writers. And as for this site, Travis does an excellent job helping investors decide where to spend their newsletter subscription money.

monkfeloniuos
Guest
monkfeloniuos
July 21, 2021 10:39 pm
Reply to  Avi Gilburt

I’ll tell you what’s funny: you have over 6,000 subscribers that pay a Benny a month to enjoy your service. Do I need to do the math for anyone? Pulling down over 7 mil a year would make one really not want to invest in anything other than THAT honey pot!

markletellier
Member
markletellier
June 1, 2020 9:25 pm

I am really enjoying elliott wave trader. Avi and his team are excellent. The analysis is very well done. The explanations are thorough and timely. I suggest you try the service and see for yourself.

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Gwashn
Gwashn
July 27, 2020 9:53 pm

Avi is the Oracle at Delphi. He is incessantly equivocating with his numerous daily posts. He frequently lays out diametrically opposed scenarios – that way he will always be right with one of the scenarios. He contends that he is right 70% of the time but yet deliberately refuses to post a list of his trades so that one can see his performance. He contends that instead he does analysis, but if the analysis does not generate superior performance then it is pointless. He is not a money maker in my opinion. Stay away.

lostinchianti
Member
lostinchianti
August 1, 2020 10:43 am

My question with ALL newsletters publishers is why they waste their time doing it. If they really were able to be right , nor always but most of the time, they’d be rich already!
EWT is a particularly slick marketer mixing voodoo-like pseudo-science (what with all those lines, numbers, exotic waves, etc. not to mention the all-explaining “sentiment” which btw is never explained or measured) with relentless attacks at anybody who dares to question the guru. His letters, only published in Seeking Alpha with which he seems to have a partnership, are 3 parts marketing blubber for his subscription services repeating the few times he was right and never mentioning when he was not, the rest is “ predictions” which are always very ambiguous so that he can claim being right in any case. His arrogant and nasty reaction to anybody daring are the final touch .
Obviously he is completely right in claiming the the nature of the market is not linear, the point is to find a reasonable way to have a workable strategy. Everybody knows that it can go up or down and that if it goes up it can go higher still while if it goes down it can sink even further…
Someone mentioned, quite rightly, the Oracle of Delphi.
In ancient Rome it was customary to visit some kind of oracle, probably the one at Cumae, before going to war.
A common, clever answer was a written response without punctuation “Ibis redibis non morieris in bello”
where depending were one puts the comma, the negative applies to the first or the second part of the sentence.
Loosely translated “ you will go you will return not you will die in war”
So, the Oracle was always right. It was the soldier’s fault if he didn’t put the comma in the right place.

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wealthywannabe
Member
wealthywannabe
August 1, 2020 11:00 pm
Reply to  lostinchianti

I don’t think I’ll subscribe to another financial newsletter. I’ve learned that picking the right stock isn’t essential, but that’s what newsletters are about. What’s essential is having a plan for getting out and practicing prudent risk management, which includes position sizing. Don’t put too much in one position, and get out or adjust or hedge using options or something, but just have a plan in place. It’s true what someone in one of the Market Wizards books said: good newsletter writers write good newsletters, but trading someone else’s system is difficult.

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mgchute
mgchute
August 24, 2020 2:22 pm
Reply to  wealthywannabe

It appears like you’ve had bad luck. I highly recommend Sol Palha’s ETF Trend Trader/Tactical Investor service. I subscribed to them for a time but was thrown off by their poor writing and disagreed that we were going to have a massive bull market after the last crash. His analysis, ignoring his poor writing skills, was spot on! I lost a LOT of money ignoring his advice. I’ll revisit him again upon the next crash and this time I WILL be acting on his advice.

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Avi Gilburt
Guest
Avi Gilburt
September 20, 2020 10:54 pm

As we approach our 9th anniversary at EWT, we have well over 6000 members, and have well over 500 money manager clients.

When you have that many clients, there are also bounce to be some who were unable to grasp our analysis methodology, and simply want to blame someone for their own inabilities. When you consider that members who began with us 9 years ago are STILL with us, it is quite clear we would not be able to grow to 6000+ members if our analysis was not top quality.

Clearly, we will never always be 100% correct all the time, nor can we make everyone happy. But, the HUGE majority of those that have taken the time to learn what we do have been quite happy with us. Moreover, since we do not advertise, it is not our “marketing” that has caused our growth. Rather, it the accuracy within our public articles which have driven our growth, and the further accuracy in our continued analysis which has retained and grown our membership.

Our most recent testimonial was just provided to us over the last week from another money manager:

“I am very impressed by one technical Elliott Wave analyst – Avi Gilburt”
(Willem Middelkoop, Founder-Commodity Discovery Fund)

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beachwind
beachwind
September 20, 2020 11:49 pm
Reply to  Avi Gilburt

Sounds like advertising…

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Nick
Guest
Nick
September 21, 2020 4:29 am

Avi is the best guys that is my opinion.he did good for me!

capsix
capsix
September 21, 2020 5:28 am

I can’t believe some of these comments. I’ve been a member for two years now and I can tell you that the analysts at EWT are best in breed. Bottom line: I have made lots of money. EWT also emphasizes learning to fish for yourself. I also am able to produce my own charts using Elliott Wave with textbook accuracy. I can also apply Fibonacci Pinball to my Elliott Wave analysis. Where else can a total noob learn to do that!!
Like anything else in life, you get out what you out into it. Take the time to learn (or ask!) which analysts have good setups at the moment and follow those. Trade on those. When in doubt, Avi himself is extremely accurate. Waves can morph. No one has a crystal ball. But when the market does pick a direction, it follows Avi”s paths. These paths are trade-able at certain points along the way. You need to learn those. Avi doesn’t come to your house and trade for you but takes special care to help new members.
Still, when the market gets janky, most all other analysts panic. I used to fall into that trap. Avi doesn’t panic because his time-tested! analysis helps make sense of the market. Which IS sentiment driven. So I recommend trying the service but be active, they love to teach, and make money without all the drama and noise of the current news cycle. If the market is going to crash, fine. I know the paths it might take. Good luck!

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redcat
Member
redcat
September 21, 2020 5:58 am
Reply to  capsix

Classic Avi burner account comment

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Phydeaux
Guest
Phydeaux
September 23, 2020 8:04 am
Reply to  redcat

Actually, I know capsix on the site. We all know to take posts, but not everything is fake. all the best to you.

johnnygeneric
Member
johnnygeneric
September 21, 2020 9:09 am
Reply to  capsix

Here! Here, Capsix.

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Artyom Fyodorov
Member
Artyom Fyodorov
September 21, 2020 6:05 am

I have first met Avi on SA in May 2020, reading his article about Elliot Wave theory and how it may change my investing practice for the better. So I have decided to give it a try, and subscribed to his service first on SA, and afterwards on EWT.

For not taking too much time from you, reading this post, I’ll say that thanking Avi and EWT team will be an understatement of my deep feelings of gratitude towards these people and their service. It is because of following there professional guidance, trying to understand their work from a theory stand point, I was able to fully reverse all of my three years of losses in my investing account, amplified by March2020 event, and making it not just profitable, but (!) beating the S&P benchmark for the respective period by substantial margin. I am saying it here not for the purposes of showing off, but to illustrate that my gratitude comes not from: a) seeing, reading and watching Avi’s and EWT team hard, professional and dedicated daily work; or b) because all of these people are kind, intelligent and patient to all newbies (like me) learning EWT and asking tons of questions everyday; or c) not because EWT service in it self is a complete education platform to become a proffessional EWT practitioner; but, for the main reason, because I was able to get practical, financial benefits in my account’s bottom line.

One additional but important turning point for my decision to subscribe and become and EW practitioner, was because Avi himself and a lot of EWT members are first investors not traders, that suits my own practice and perception of myself. But in case one is more comfortable being a trader – EWT is an amazing platform and tool to have in once arsenal. Actually it is all one needs to be successful in financial world, to my opinion.

So may I strongly suggest and recommend joining the service and enjoy free trials to be able to actually independently see and feel what I have described here. I will be happy to answer any questions concerting EWT and my experience with it.

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Sparty
Guest
Sparty
September 21, 2020 6:31 am

I have been with EWT for over 6 years and can find no place better for investment advice. In the beginning, I struggled with the information overload and demands of my regular job, which took longer for me to learn, but there is a wealth of info and plenty of support to help you learn as quickly as you want.

There are a variety of services for all types of traders and my price hasn’t been raised once since I joined, 6 years ago. In fact, they added services and because I was a charter member; at least two services they added were complimentary. The value for the price is AMAZING, and with the analysis from people like Garrett, Zac and HarryDunn on individual stocks; you will make your investment costs back several times over once you understand the methodology.

The people that are commenting negatively are usually the ones that don’t understand it, don’t want to take the time or are just trying to give Avi and company a bad name. They have the best customer service team I have seen. If you are willing to put in the time, I guarantee you will not be disappointed. See you in the Trading Room!

Sparty
Guest
Sparty
September 21, 2020 1:57 pm
Reply to  Sparty

In addition to something I wanted to add, he called the top in Metals in 2011, and while I wasn’t a member at the time, I did join just as he called the bottom in 2015. Something to consider when reviewing all these, how can someone accurately predict where Metals would be 5 years from now. This is just one piece of evidence that he has a system to help build wealth. I am a young trader, but couldn’t be happier with the results I have seen, particularly from his Metals calls. He is very unemotional when it comes to trading and unlike other “analyst”, wants to teach you how to fish, not just give you a fish.

The other thing that does not get a lot of attention is the members. As he has stated numerous times. Publicly, he has over 500 money managers as customers and they are growing. Some are even kind enough to share their ideas and wisdom. The knowledge gained is incredible. Plus, you can join free for two weeks without having to give a CC. You will NOT find a place that will do that. Just understand, this gives you access to everything, which contributes to information overload, but take it all in with an OPEN MIND and unlearn the things you think you know. Your future self and account will thank you.

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John Kuran
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John Kuran
September 21, 2020 7:58 am

Elliott Wave Analysis is just that – analysis. It’s subjective and its only as good as the analyst. Having said that, I find Avi to be one of the better analysts out there, if not the best. He’s not going to be right all the time but he’s been more right than wrong. However, when he errs, it’s on the side of caution. I find him to be too cautious for my type of trading, (but then I’m more of a cowboy gunslinger than most people) as he states he hates it when he’s wrong and people lose money. On the other hand, there’s more to Elliott Wave Trader than just Avi. He has built a community of like minded people who share their ideas and trading style. If you want a mechanical trading system there’s Princely Matthews’ system (built on market data using advance / decline, new highs and lows, and options open interest .). Then there’s Luke Miller’s Bayesian Analysis – using a mathematical analysis with clear trading signals for swing trades. Both have proven track record that has beaten the market indices in the last few years.

Generally speaking, for broad market trends, he’s the best there is. He was telling us to buy gold, silver and mining stocks when GLD was trading about 107, GDX was at 16 and SLV as at 11 (he was also telling to get out of the metals and miners when Gold was hitting $1900). At the March 2020 lows, he was telling us that he’s buying stocks/ etf’s in his children’s educational accounts, even though he wasn’t sure it was the low (who can be certain?) but there are signs it may be (and you’re limited to 2 trades a year in these accounts.). I remember as I was short SPY at 225 and got out of that short at 219 based his advice. I didn’t get the low and didn’t go long but got out of my short. I went long at ~240 SPY in my longer term account when there was confirmation ( I got out at 350ish when the market went parabolic earlier this month.). Now, he’s telling us he’s seeing signs of a bottom in another commodity the same signs he saw in metals and miners when they were making a low in late 2015. I won’t say what it is but I bought into it.

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johnnygeneric
Member
johnnygeneric
September 21, 2020 12:49 pm
Reply to  John Kuran

John, I can vouch for what you are saying. Lit a fire under a bunch of us. I joined (again) before that bottom in gold. in december, I think. Avi nailed it! And I made a lot of money for several months in the bull market in gold!!

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RonM
Guest
RonM
September 21, 2020 8:00 am

ElliottWaveTrader is one of the best trading websites in the world. Avi is also as good and honest as they come. I’ve been a member for almost a decade. If people lose money, it is their fault and probably through poor risk management.

younggun
Member
younggun
September 21, 2020 8:01 am

I’ve been a trader for over 15 years. I’m a CFA, CFP and passionate about the markets. I have been a member of several “services” and most of these are sales pitches where novice investors are promised incredible returns based and handed trades over time. Elliot Wave .net is different. Are there some trades given? yes. However, the aggregate knowledge and skill set represented is far and away better than any other site I’ve paid for. It sounds like those that have made complaints are emotional traders who probably blew up their accounts by picking and choosing certain phrases made by Avi over time.
If you think trading is something you can do by logging into a site and getting next to free trades and make millions, then you are going to be dissapointed. This site has made a tremendous improvement to my asset management knowledge and trading success.

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hachre
Member
hachre
September 21, 2020 8:22 am

I really don’t understand how this 2.7 total gets calculated, given the sub category scores are each higher. In my opinion this is the best site for Elliott Wave enthusiasts in existence, there’s a wealth of services that you can subscribe to, even the base service offers a tremendous amount of information and guidance. You also get access to the whole community of subscribers and can communicate with each other in a Forum format, which is great. I’ve been a member for more than 3 years, I love the site and they have not let me down!!!

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johnnygeneric
Member
johnnygeneric
September 21, 2020 8:30 am

I’ve been a member of the Elliottwavetrader.net site for 5 years or more. You called him Armageddon Avi. He is the exact opposite of that. I subscribed to numerous investments sites back in 2011 after the large drop, thinking this was the beginning of the end. And I found MANY investment sites more than willing to agree with me and take my money. I finally had enough of losing money and kept wondering “is there another way?” And the answer was YES. Elliott Wave Theory HANDS DOWN is the best way.

But it is not the only way. There is a whole school of technical analysis out there and Avi understands this. and brought on TA guys to fill that gap. I think his site is very well rounded and now is better than it has ever been.

Avi is NOT a doom and gloomer. I know because I tried numerous subscription based systems that were. Thank God I got off that wagon!!!

On his site, MANY of the new members have expressed the SAME sentiment as I did. “I got tired of listening to the guys on Seeking Alpha and losing money.”

His site covers a host of market sectors and is set up as a concierge system. Gold bug? Just like stocks? Interested in only the commodities sector? Covered!

Elliott Wave Trader is had to beat. That’s why I’ve been a member for so long.

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redcat
Guest
redcat
September 21, 2020 8:56 am
Reply to  johnnygeneric

Written in the style of Avi, needs to be more subtle

johnnygeneric
Member
johnnygeneric
September 21, 2020 12:43 pm
Reply to  redcat

Redcat. I’m a chemical engineer with 40 years experience. Engineers are NOT subtle. Been trading since the 1980s. We tell it like it is and let the chips fall where they may. We’re not interested in anyone’s feelings.

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Phydeaux
Guest
Phydeaux
September 23, 2020 8:10 am
Reply to  redcat

Ha, join the site for a free trial. Look up the usernames. johnnygeneric is for real. So are some of the other posters herre that I recognize from EWT. And me too, Phydeaux the wonder dog! LOL

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