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To: skinowski who wrote (126138)11/16/2005 6:42:17 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
Ski .. I'm not confident with waves ..

when I count waves I get them wrong. So I'm just letting it sink in till it starts to work for me. Maybe I'll stick my neck out someday .. but it's gotta be after Turkey Day. lol

I appreciate you working up an Hourly. Thanks. Why do you even try to count the hourly? Isn't the error rate higher on the shorter term charts ?



To: skinowski who wrote (126138)11/17/2005 1:51:31 AM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Actually, I think the fellow is O'Neil, and I followed his approach up until I just couldn't play along with the Mania any more in 1999 and started learning to sell short.

His method was great before *everybody* started doing it. And like most investing approaches, once everybody starts doing it, it ceases being a good idea.

BC


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