I am sorry to say, but this is dogma at it's worst. In order to make an objective assessment of any method one first needs to shed any emotional attachments to the same.
And nowhere has CV said that EW is conceptually wrong, he only questions the utility & the probability of forecasting success with the same (& also the need for forecasting in the first place).
It's ok for EW proponents to disagree, but where are the logical arguments in their favour?? All i see is some emotional responses (including denouncement of other methods which doesn't establish your cause in any way).
I don't know much of EW and am hence not in a position to comment on it's utility, but as far as forecasting is concerned here's my 2 cents :
First of all, all forecasting, irrespective of the method used, is an exercise of probability and not certainty (banking on the highest probability, at best).
All profit assessments are based on the future (the future may range from the next 2 bars to the next 2 years, but it's the future nonetheless).
All trade decisions are based on the past (the past may range from the previous bar to the last 5 yrs, but it's the past nonetheless).
The only thing that happens in the present - the NOW - is the trade execution, the Entry/Exit and trade monitoring (as the future becomes the NOW with every subsequent bar/tick).
Based on the above, i can't see how one can trade/invest without some anticipation of the future.
Regards,
Kalyan.