Been messing with charts and systems for a very sh

Been messing with charts and systems for a very short period but some of the more obscure methodologies seem to have some veracity like the Fibonacci system. I believe one of the wave theories (Elliot?) talk about there being 5 waves to a run. I was looking at the 2year chart and there are distinctive patterns of these waves both up and down. For instances dec2012 started 1st leg 5 waves to peak, and then 5 waves down to current leg. So far on this leg we've seen 3 legs and have started 4th, which will be short IMO. Taken in an even broader and context we are in the 3rd wave of a longer overall trend. If I'm wrong about this theory someone let me know so I can save some face. But then again that is how I found NTEK, dumb luck and reading indicators not as they should. Lol