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Strategies & Market Trends : Classic TA Workplace
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To: The Freep who wrote (116265)4/8/2005 2:14:56 PM
From: Henry J Costanzo  Read Replies (1) of 209892
 
Freep-o, I know this is an EW thread, and I've done my amateur best to read the waves. ..but must confess that much of yesterday's yakking to which you refer went over my head......g

Very difficult to abandon old traditions in which one was born and bred (btw remember that re the Freeplets)....and, as you've seen, I frequently revert to my old classic TA origins. For one thing, the classic TA wedge theory leaves no room for the kind of hemming-and-hawing you just posted. There was a bearish wedge, it was broken, that points back to the beginning of the wedge......and that's that! (If it doesn't happen, well, not all patterns work out, so pick up the pieces from there, and start all over again.......with an open mind....g)

Sorry for this kinda rant.....but thought you should know a little about where I'm coming from..............and now you can have LOL.....
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