Longer-Term Market Trends Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Longer-Term Market Trends

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (1436)	7/21/2008 9:17:26 PM
From: AllansAlias	of 3209

I would add a few points to this... I find it better to start at the outside time frames and work inward. I put more faith in, say, a weekly read, than I do in the daily read. I use the shorter time frames to see if they reinforce the read in the wider time frame. As regards alternation, the most important aspect is that the corrections of waves 2 and 4 should be of a different shape. Of the three differences one can discern between these "brother corrections" -- shape, duration, size -- it is shape that is the most important. As well, it is most often the case that a wave 2 is sharper and of shorter duration than a wave 4.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next