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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: bobby beara who wrote (77848)	6/4/2001 2:24:19 AM
From: ru2	Read Replies (1) of 99985

I've read about about Elliot wave theory on the Web. Many of the books on the subject seem pricey. I often find I learn more from listening to good traders talk about a real trades than I do from reading books. Alan Farley's book is a big exception to that. Are there any Elliot wave theory books that you think stand out from the rest? I'm taking a break from day trading and am thinking that E wave can help my position trades. I could never make much E wave sense out of the two and three minute charts. Glad to hear that the 15 minute chart works. On the daily chart of the Naz would you say that the April low was the begging of wave 1 and we just completed wave 5 and correction wave A? Does E wave theory give clues about which fib levels will act as support and resistance? Ru2

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