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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (276)	5/14/2002 10:33:50 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

not an e-waver....(g) just following history.... hey....if that astrology guy is right...we are both wrong....(g)

To: ajtj99 who wrote (276)	5/14/2002 11:25:52 PM
From: exp	Read Replies (1) \| Respond to of 30712

Ajtj, IMO it's statistically impossible to neatly fit every multi-week or multi-month market move into a 3-wave or 5-wave structure. I had the same problem when trying to identify multi-week moves and divide, say, the last 2 years into distinct up or down multi-week trends. The main problem is that there are always moves of 5%, 10%, 15%, 20%, etc. magnitude and trying to classify them into neat distinct multi-week trends is quite arbitrary. So, sometimes market trends fit our conceptual frameworks like e-waves or multi-week (month) trends quite well and sometimes they don't. That's why Donald Sew always says that the probability is no more than 63% that an expected market move will occur in a given T/A setup situation. Of course, the fundamental guys always say it's just a random walk (i.e., prices move in a totally random manner) but then, they don't use T/A, so they wouldn't really know. LOL