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Automatic Elliott Wave Software has problems with wave count

Don't buy Elliott Wave Software until you know about this problem with automatically generated wave counts. Jim Martens from Elliott Wave International explains in the video below (six minutes) that Automatic Elliott Wave Software have problems with wave counts because these types of software cannot correlate the higher time frames with the lower ones. Jim believes that due to the subjectivity of some Elliott Wave counts, one is better to learn the concept instead of relying on inaccurate automatic software.

[Sorry this video is no longer available]

Jim Martens explains how the Elliott Wave Principle works on this page here.

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