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

To: skinowski who wrote (113750)	2/17/2005 2:06:34 PM
From: Henry J Costanzo	Respond to of 209892

Hey, SNS......think you may have put your finger on EWI's business/marketing program.....LOL

To: skinowski who wrote (113750)	2/17/2005 2:06:56 PM
From: Galirayo	Respond to of 209892

>>=>How many spoke the EW language prior to 2000 top? Not many. <==<< Well I for one did or tried .. I did my best to write a scan to find the Bigger #3. It's odd to find that it often happens on a Bounce from a Major MA. Like the 50dma or the 100dma. And very often correlates to an MACD crossing the zero line for the 2nd time combined with a Slow Stoch crossover. See if you find this interesting or just VooDoo. The rest of the waves we're not as inportant to me. Cheers! Ray

To: skinowski who wrote (113750)	2/17/2005 2:19:28 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Interesting theory, but I have used it during the recent 2-3 year bull as well. Personally I picked it up from AA after the bear had started, not sure if he was using it during the bull but I may ask. I figured I just picked up by happenstance during the bear. All I use e-wave for these days is to establish entry points within larger established trends. I used to use it to fade trends which I thought may reverse but found these were low-odds plays. For example just because I think I see 5 waves up on AAPL doesn't mean I would short it, respecting an established trend is still the way to go as counts are still subjective, trends less so. As for wedges, its intuitive to me that a weak trend which takes an overlapping wedge shape will reverse and indeed that is how Elliott sizes them up. The reason I don't like wedges like the one mc drew is that the move off the low is not weak, just the chop at the top is weak. IMO the frame of reference for a wedge reversal should be the weak part of a trend. Now if its an ED than its possible the entire thing gets retraced anyway but we may just get a move back to the start of the chop. Does that make sense to anyone?