Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 48.79

-1.7%

Dec 11 4:00 PM EST

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To: Steve Huskey who wrote (1030)	2/15/2002 9:57:23 AM
From: Moominoid	Read Replies (1) of 207308

If you find the right speed stoch then all you need to do is label each wiggle as a minor wave and check and then add them up into bigger waves... also check the weeklies and other TA stuff. The idea is a priori to get waves of the same degree to be a similar size. But then the e-wave rules come into play. So back in December wave 5 is short and sharp compared to the preceding waves. That fooled me at the time. On the tutorial on Club EWI it says they encourage using other TA together with the e-wave rules to work out the picture. But most of the people posting e-wave here and elsewhere ignore other TA and often don't even keep the larger Elliott roadmap in mind. So they can come up with very strange e-wave patterns that don't prove very useful . Or they base everything on Fibbonacci numbers - they can work but I find them nicer as confirmation - for eaxmple the NDX correction retraces 50% almost exactly of the rise since Sep 21. It's good to find someone agreeing with me. So I have the NDX correction off of Dec 6 now as WXY - this seems to make the most sense. And c of Y is an ED. This means that Xab is not an abc wave 2 correction of the move off of Jan 9. That's why (and the stochs picture etc. etc.) I think we are now in a new wave up and not a wave 4 in the decline as most on CFZ e-wave space seem to think. The upwave in the NAS is a mess over the least week - but SPX and Dow have a clear 5 wave structure - so the whole thing isn't a correction itself. It could be an A or C wave but the NAS wave seems to have an leading diagonal rather than ending diagonal structure. So in the chance that it is A there would be more up to come. Also if it was a C wave /ED as some on CFZ say where is the B wave? The down move to the bottom has more characteristics of an ending diagonal than a triangle. But then what are my X and A of Y waves? There don't seem so many options here when you really think about it. David David

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