To: The Freep who wrote (128072 ) 1/16/2006 1:35:11 AM From: Perspective Read Replies (1) | Respond to Freep, I think my perspective on Ewave is not what you'd find with most the practice the art. Unlike most, I believe that there are single actions or decisions that can create wave patterns. If somebody invented a limitless source of energy tomorrow, it would alter the wave pattern going ahead. Or, if the Fed fell asleep on the "BUY" button and jammed Fed funds to 0%, it would also create its very own wave. the shape of waves permits one to distinguish between trending and corrective price action. Coming from an electronics background, I liken Ewave to a black box that shapes a wave applied at the input into the pattern observed at the output. In electronics, the box is filled with capacitors, resistors, and inductors, whereas in Ewave, the box is the sum of human emotional behavior. In either case, an understanding of what's in the box permits you to divine the stimulus applied at the input by only observing the output. And, knowing the stimulus gives one the ability to predict the near-term response.
