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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 60.74+4.6%Jan 16 4:00 PM EST
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skier31
toccodolce
To: skier31 who wrote (199841)8/9/2024 1:02:17 PM
From: robert b furman2 Recommendations   of 207847
 
Hi skier 31,

I do not claim to be a Elliott Wave Guru, but I do study it a lot and like to watch how CLX studies interact with tops and bottoms.

I have noted that often a corrective wave (which often forms a ABC wave pattern will have low 2CS-p numbers that occur for both the A and C waves down.

That might make what looks like a longer lag time on your chart.

Every wave has its own personality. Very often the A starts with a gap and gets low 2cs-p quickly. A C wave can grind on people and take longer as the selling pressure has run its course.

In either case the 2CS-p seems to be of a more vicious wave when it drops below 40ish.

Great charts, I copied them and built a file for quick reference when someone wants a definition.

I used to do Tom's original calculation, but since I'm on Wollie World every day, I just copy his as it saves time for my daioy number crunching.

It is so cool to hang with you download data jocks who create such wonderful charts.

Thank You for an excellent cotribution!

We all learn working studies that greatly enhance one's performance here at SI!
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