Don't be.
The more you think about it, the more you are confused.
Why. Because the market is not rational.
The market movement is the actually make up of the crowd emotional action, in short, it is the result of the social mood.
It is the social mood that set the trends of the market. So, social moods is the cumulation of each and every individual actions.
The reasonings given day in day out in the media is basically the script written after the play is over i.e. the results lags the movements.
How then can you read the social moods. Elliotte wave can be used. It is not a perfect predictions, but it can help one to avoid the major mistake. Elliotte wave provide a predictive trends that one can avoid major mistake.
So, what then so big deal about Elliotte Wave. Actually, it is just a guiilding tool, nothing more, end of the day, we used it for our advantage be it in trading or investing. The best use is to put it in practice, and more importantly is to preserve your capital and allow one to put in the optimum yields.
MyView
There is no wrong or right in using a certain tool to guide in investments. It is actually how to resolve when there is a problem arise. The question is not what is best tool, the right question is get the best yields and know where you go wrong. Investments must be independent.
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