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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Temple Williams who wrote (40463)2/13/2000 2:39:00 PM
From: Zilog   of 44573
 
Dear Temple,
Referring to Elliot Wave as "hocus pocus" may be loose talk on my part. The truth is that I haven't made the supreme effort that it takes to understand the theory. It is true that I am now looking at a copy of Glen Neely's "Mastering Elliot Wave". I see that in all the years I have owned this handsome book, I have managed to reach the middle of chapter three. The reason for the glacial progress is that when studying this work, I tend to fall asleep in the middle of the page.

I have considered outwitting the labourous learning process by purchasing the Elliot Wave software program written by http//www.internationaltrading.com and if you or anyone else is using this program in Tradestation, I would appreciate some feedback.

In the meantime, I have to go with what I know. Last week, I suggested that the S&P was screaming for a change of direction on the futures (sp0h), but actually looked bullish on the cash. This week, as of Friday afternoon, sp0h has broached the bottom of my congestion bands, both fast and slow on the 21, 89 and 202 minute time frames suggesting a move North. But I am gun-shy as usual and will wait until the open tomorrow and study the 21 min net line and will probable only entertain only short scalping positions.

Your site is a brilliant piece of work, Temple.

Regards,....Zilog
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