Elliot wavers and the unit circle

One of the searchers of my blog remarked that Elliot wave analysis does not require data be scaled to the unit circle.  No it does not, and the graphical analyisi they do is still valid to its error limits.

However, they do an implicit scaling to the min-max values of the prices they are projecting.  Moving to a min of 0 and a max of 1.0 simply makes the formulaic version of Elliot waves correspond to Shannon theory. Here is the discrete version of Elliot wave analysis:

The other change that Shannon brings is the allignment of rates and quantities which traditional Elliot wave also maintains as Zero Hedge pointed out once with a time/quantity Elliot wave analysis. This part is done within the Huffman encoder, that I use, which identifies the quants that match rates.