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Strategies & Market Trends : Charts for Bottom Breakout

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To: TradeOfTheDay who wrote (1469)	2/25/1998 9:08:00 PM
From: peter n matzke	Read Replies (1) of 3105

Hi Bev, i believe that winwaves is Robert Prechter's version. The versions i have are from the center for elliot wave analysis in australia, they are similar but different. i use the zig on most of my longer charts to see how they match with ewa counts and proportions. the only purpose of the zig function is to make sure that the most recent activity in the stock is in a positive direction, it can easily be eliminated without much affect on the results. the purpose of the slope function is to make sure the 50 dma is improving, giving the stock greater long term stability. ie the angle of the 50dma is better than it was yesterday, etc.

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