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Strategies & Market Trends : Waiting for the big Kahuna

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To: Nero who wrote (16461)4/15/1998 2:10:00 AM
From: Temple Williams   of 94695
 
Using EWave as a Roadmap ... will this S&P trade work? A lot of people think EWave should be called Voodoo Wave, related to casting bones and studying entrails before making your move in the market. But I use it successfully as a "roadmap" approach to both position trading and day trading. I never use EWave to "initiate" a trade, but I use it to confirm what I am doing. I use it to stay in a trade beyond my normal comfort zone, often extending gains nicely. As of the close on Tuesday, April 14, for example, there was a potential Wolfe Wave trade (not quite perfect, but close) in the S&P. Here's the approach I took ... this is being posted before the opening on April 15th ... you can see the details and the thinking behind a trade I MAY make at skansearch.com ... my free website is at skansearch.com
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