Silicon Investor (SI) -- The First Internet Community

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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (1265)	6/22/1999 6:00:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

IS, <In terms of looking at a chart prior to a trade, you would like to see a pattern of higher highs and higher lows once the first higher high and higher low has been made> Now..the problem with that logic if you use any eyeball EWT (which isn't a bad practice for experienced traders) is that the strategy gets you into the uptrend on a 5th wave, which tends to be the last of the series and least dependable of the three. If you hit the parabola, you're OK but it's just as easy to print a failure move. Alan