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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (1008)	2/15/2002 3:14:41 AM
From: Steve Huskey	Read Replies (1) \| Respond to of 207286

This is good advice and a good eye. I use stoch to help me find the tops and bottoms of waves also. It REALLY makes it easier. Steve

To: Moominoid who wrote (1008)	2/25/2002 2:14:31 PM
From: Chip McVickar	Read Replies (3) \| Respond to of 207286

3:00 clock crowd will be worth watching today. >>But basically the stochastics show you where one wave starts and the other ends...<< I know that some use various settings on MACD to do the same thing as your use of the stochastics. Personally after working with the Elliot's waves off and on over a few years, I've found his methods complicated and not very accurate in predicting future price and time movements. However, in all fairness it may have been my lack of understanding. To me pitchforks are clearer, and a better match to my trading style. Certainly, Elliot discovered a series of patterns that are useful, but I never really found them as capable as pitchforks in projecting forward time and price movements. Pitchforks and Fibs are an easier match for this mind, and in the end that's what counts.