RWS, it's probably clear that I know relatively little about E-wave -- only what I've picked up from Gary's posts and from an E-wave website primer which Gary had previously mentioned (I ought to go back and study some more).
After considering the fundamentals, I look for technical divergences to find what I consider the most optimal prices to buy and sell. And, quite often, if I really like the fundamentals, I ignore the shorter term signals and hold through minor dips. I've found that, for me, these divergences work more often than not.
My interest here in E-wave was sparked by some excellent calls from Gary and the observation that the waves often appear to coincide with technical signals such as certain divergences, movement between Bollinger Bands, etc. So, I was trying to come up with a reading of E-waves which coincided with my current reading of the divergences. I will continue to hold my FLC, but in my view the next week or so is a critical period.
Monday, I will be looking for an OSX bounce off the middle BB at 78.5. If that breaks, and the OSX continues to drop, IMO that will be bad news. If we see a strong bounce off the middle BB, we could be headed for 90+, and I will be watching the shorter term technicals for any signal that momentum may slow prior to 90.
Thanks for adding your technical readings to the mix. |
