Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (15796)	2/28/2002 10:04:07 AM
From: Moominoid	Read Replies (1) of 74559

used to read the Big Kahuna thread. Those guys never agreed about the count for anything.-g- I didn't think there was ever much e-wave on there... most people posting e-wave counts haven't got a clue.... that's what put me off it for so long. You need to use some other TA method in conjunction with it, to get some objectivity into the count. Comapring different indices - for example NDX and COMPX helps too... I won't accept a count for COMPX that isn't valid also on NDX for example... There aren't enough good e-wavers or technical analysts in general out there to make a difference it seems. Most of the trading has nothing to do with TA in this sense even if institutions watch resistance and support levels closely. Big funds can't move fast and proprietary desks/market makers make their money in different ways (spread)... I've now combined a method I developed myself with a simple time series model. There are plenty of significant parameters... From 21 Sep following the model in theoretical daily trades on the NDX (most positions held a few days) long and short with no leverage the portfolio would more than double, vs +20% in the index. I only just developed this model - it is beginning to guide my trading but not fully using it yet. BTW it has the last two days as down and today as up.... David

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