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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: POKERSAM who wrote (15015)2/22/2013 7:01:59 PM
From: skinowski  Read Replies (1) of 41536
 
I don't really understand the confusion. We dropped in five waves off the top and now we have retraced 50% in 3 waves. Five down and three up make a complete EW cycle. Next is five more down. What other EW pattern would contain 5 down 3 up without 5 more down?

Agree - that's why I decided to step aside. But, as the theory goes, EWaves reflect the dynamics of the public mood, of the collective unconscious. And moods are fickle. Following them is like following a drunken sailor, hoping that he will lead you to the port where his ship is docked. Most of the time he will actually make it back to the home ship, but sometimes he'll get lost and may get into trouble.... :)

This is especially true about wiggles. A two day impulse is not a trend changer. But it is an indicator. Or an indication. We'll find out if it worked.
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