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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (15022)	2/23/2013 11:18:34 AM
From: POKERSAM	Respond to of 41545

skin - We definitely see EWP MORE than somewhat differently. That is OK. We are all at varying stages in our understanding and application of EWP. So if you see the decline from 1530 to 1497 as impulsive and the retrace of that decline as corrective we can estimate the next impulse down (you call it follow through) based on 1. It could be a C wave. It is most common for a wave C to be near the same length as wave A. It is next most common for C to be 61.8% or 1.618% of wave A. 2. It could be a wave 3. Wave 3s are between 1x1 and 1x1.6 15% of the time. Wave 3s are between 1x1.6 and 1x1.75 45% of the time. Wave 3s are between 1x1.75 and 1x2.62 30% of the time. So it is most common for a wave 3 to be at least 1.6 times wave 1 in length. Length of 1 X 1.6 = length of wave 3. Until wave (ii) is confirmed complete we have to wait to calculate possibilities for the length of wave (iii). So which is it, a C or a 3. IMO the odds favor a 3. The previous pattern and count suggest a 3 is most probable. My guess is that, based on my experience and the probabilities, wave 3 will most likely reach 1460. I believe we are near the end of wave (ii) of [i ] of 1 of (1) of [1] of I of (c) of [iv]. My labels: images.investorshub.advfn.com siliconinvestor.com