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: Moominoid who wrote (1008)	2/25/2002 2:14:31 PM
From: Chip McVickar	Read Replies (3) of 207307

3:00 clock crowd will be worth watching today. >>But basically the stochastics show you where one wave starts and the other ends...<< I know that some use various settings on MACD to do the same thing as your use of the stochastics. Personally after working with the Elliot's waves off and on over a few years, I've found his methods complicated and not very accurate in predicting future price and time movements. However, in all fairness it may have been my lack of understanding. To me pitchforks are clearer, and a better match to my trading style. Certainly, Elliot discovered a series of patterns that are useful, but I never really found them as capable as pitchforks in projecting forward time and price movements. Pitchforks and Fibs are an easier match for this mind, and in the end that's what counts.

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