Conflict of interest
Tuesday, August 8th, 2006Today I am met with a conflict of interest. I recently subscribed to
the financial forecast and elliot wave theorist from Robert Pretcher’s
team at elliotwave.com. These publications include a stipulation with
the download saying they if you re-transmit or even allow someone else
to view the subscription issues, you or your firm will be held
financially responsible for the extra subscription fees.
Now, I’m not going to violate this stipulation because I’m sure that the
company could and would sue me. Not to mention that it would be
unethical to repost someone else’s work without obtaining their
permission, or worse, after they explicitly prohibitted redistribution.
I think that this letter was written with the intnet that a large and
financially able trading or investment firm not purchase a single
subcription for 50 traders. It sounds pretty harsh for the individual
investor. I can’t even show the subscription to my father? Or I owe
you 60$? I understand that the expertise in the forecast is expansive
and hard to come by, but does this jibe with the rules of fair use and
copyright? I’m not sure.
Anyway, I was previously thinking of becoming an elliot wave forecaster
myself. I posted a couple entries with my own elliot wave
interpretations that I drew after reading Pretcher’s book. Granted, they
were probably not correct lablling, but I was thinking of becoming a
wave theorist someday. If I read Pretcher’s newsletters though, how can
I still come up with my own? They would all be influenced by his
previous wave counts. So maybe the wave theorist idea is out the
window for now.
