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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: ontrack7 who wrote (6453)10/25/2001 10:58:40 PM
From: moorso  Read Replies (1) | Respond to of 8150
 
Thanks ontrack. Basic stuff but subject to some major interpretations along the way.



To: ontrack7 who wrote (6453)10/25/2001 11:16:12 PM
From: ontrack7  Respond to of 8150
 
look at the first diagram on that web page......yu see 5 waves....1,3,5,are up......2,4 are down....then abc pattern.
.....one can analyse on a mothly,daily,60min,15min,ect. bar chart..using fibonnaci,one can calculate the retracement of wave 2 using dimension of wave 1,wave 3 4 &5 can also be calculated..........aside from the aspects of fibo #'s .....
it is truly an art form...why do think the cheif owns an art gallery.....he really is an artist......i've learned a great deal from him,but i'm not there yet,i'll get there....
....90% of it is persaverence.....

REGARDS