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To: pedro_deleon who wrote (207493)	12/19/2014 1:18:55 PM
From: Henry J Costanzo	Respond to of 209892

Back to you later today…or over the weekend. Pedro..

To: pedro_deleon who wrote (207493)	12/20/2014 12:38:33 PM
From: Henry J Costanzo	Respond to of 209892

I do NOT believe such derivative calculations as RSI, MACD,or MAs can play any role in EW analysis, which must be assessed based ONLY on the price movement.. FYI the same applies to my TA..with only one exception that I have occasionally used over the years: the presence of any positive or negative divergences of RSI and price trends.. I would make no distinction between the use of differing time frames…daily/weekly/monthly etc….except for intraday "wiggles" ….which, with the recent introduction and heavy use of High Frequency Trading, have effectively become undiscoverable for the ordinary analyst..