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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (84065)	10/13/2003 10:29:10 AM
From: Perspective	Read Replies (1) \| Respond to of 209892

I don't think that's "running", I think it's just expanded. It helps me to remember that while Ewave is a great tool, it isn't magic! It is a set of rules that helps us to divine whether the market is behaving in impulsive or corrective fashion. That's really all there is to it. Everything else settles out in retrospect. When the market is in corrective mode, the odds bet is for there to be at least a DOWN-UP-DOWN complexity to it, and the odds bet is also that the underlying impulsive trend will reassert following the completion of the corrective phase. I really don't think it's much more than that. There are lots of forms that appear that are similar to other TA forms, but I think that's Ewave boiled down to its essence. Does it have predictive value? Yes, it can give high-odds turning points. But it is never 100% absolute on anything. BC