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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (201753)	2/8/2013 2:35:34 PM
From: POKERSAM	Read Replies (1) of 209892

Off the 1498 low of yesterday we have gone up 4 waves on a one minute chart and are about ot do the fifth. What degree is applied to these 5 waves will determine how high we go before a correction. The best way to know the proper degree is to watch the retrace when the five waves is complete. If we retrace 50-60% and then go higher use the smaller degree. If we continue down use the larger degree and the top is in.

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