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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (314)4/16/2008 6:40:58 AM
From: skinowski  Respond to of 3209
 
Oh yes... always approximations. Nearly exact retracements do occur, like the 38.2% rebound on that INTC chart on Feb 1 - but they are rather the exceptions. The job of an EW analyst is to interpret group psychology as reflected in price action, and crowd emotions will seldom operate with mathematical precision.