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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (6381)	6/3/2005 7:35:34 AM
From: c_hl	Read Replies (1) \| Respond to of 12411

That is not the way you use for SP if I understand correctly. I thought u put the center at the high and use a later on ( after the high ) low at the wall to determine if the current up wave is finished. If you sometimes use a previous low, then the question is when should u use a later on low, when should u use a previous low. That will change the result. The one you talked to put the center at 3/7 high for SP makes sense if SP rallies today. That is because the price breaks the up spiral and continue up. So it must be a much much bigger wave with much bigger driving force behind it.