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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (37107)	10/16/1999 11:29:00 PM
From: Patrick Slevin	Respond to of 44573

I like to read E-Wave but I cannot understand it. One E-Wave projection I saw a few days ago had the damn thing hitting all time highs. Now this, "But the daily oscillators have much room to the downside, giving us a high degree of confidence; as long as 10719 remains intact, this market is heading much lower. Also, notice on our published chart this evening of the Dow the 34-period moving average of the index has crossed below the 144-period moving average. " Now does this mean that E-Wave is dependant on Oscillators? Probably not. Yet all the E-Wave people use them, I think. But whether E-Wave is or is not dependant on Osc then why the change in outlook, such a drastic one anyway? Literally before this break it was peaches and cream and now the sky is falling. Not just this person, many of th analysts, all the ones I read anyway. Well as I say I don't understand it. It just seems extremist from time to time. Perhaps the entire method is so prone to Long term analysis that analysts become wrapped up somehow in a doomsday or utopian view. Like I say, I like it, but it seems to work well for short term trading. Every time I've read an E-Wave analysis it's rather close for the next few days but the next few weeks either have us going to the moon or straight to hell. A week, 10 days later we are going the other way. And they all use Osc and Sto. Well, I have don't have any real issue with the technique. It seems very good short term. It's just that I have seen the mood swings so much that I am skeptical about the fatalistic view. Put it down to my daytrader mentality I suppose. When I see opinion that goes from one extreme to another so often I start to discount it somewhat.

To: John Pitera who wrote (37107)	10/18/1999 4:41:00 AM
From: ynot	Read Replies (1) \| Respond to of 44573

john, i received a pm correcting my authorship post to you "Against the Gods" Peter Bernstein "Seasonality" Jake Bernstein, apparently a lackluster trading history? re Fuller, tie into "Against the Gods" by his belief that universtities used by 'bosses' to segment knowledge so their 'sole' understanding of the big picture kept them in power future control would come from manipulation and control of 'unseen' (your tesla comment, nanotechnology, etc...) and the innovators/scientists would find and create allowing the bosses to use the results (probabilities for life insurance co's, gamblers, etc...) i actually returned "seasonality" today in exchange for Perry Kaufman's classic on building systems when i couldn't make the connection between his concepts and the charts will check out other seasonality/cycle suggestions, but working on forks and Wilder Delta for now regards, ynot ;)