Let me first clarify this, NO PROFESSIONAL TRADER IN THE CITY USES ANY OF THESE TOOLS. Indeed they laugh at the simplicity of the Gann method. Gann believers would have shorted the FTSE yesterday on the break of the 50% all time high of 3460 and placed their stop there, yet the FTSE roared back to close above this level. Yet another case of a Gann cock-up. Elliot Wave has more precedence yet the simple fact is 70% of the time the waves CANNOT match any physical form of the system. And questions remain unanswered when Fib targets rae not met. A trading system need a higher percantage success ratre of 20-30% to be profitable. Now figure this: the whole theory of Elliot Waves is that the world and hence man is governed by a natural law. Which means that in essence EVERYTHING HAS BEEN WRITTEN BEFOREHAND. You need to believe EVERYTHING LITTLE THING IS DESTINED. That we are mere robots without any free will or choice. If you are not prepared to belive this then you cannot be a Elliot Wave technician as this is the base of the study.