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This had come to me via another trading email list. Thought I would pass
it along.
Harley Meyer
Attachment Converted: "c:\eudora\attach\Ww1.gif"
Here is a gif of some of the Wolfe Waves that were present in the
last few days of trading in the SP500.
I like to find these formations, and then look for "triangles" possibly
coupled with High RSI and/or Low ADX readings at the "5." peaks
as confirmaion of a failed trend.
Some people have a hard time picking out WW's. As an aid, just find
yourself some sort of simple swing indicator and add it to your
charts. This helps out if your eyes are Wolf Wavingly challenged. :)
Walt Downs
CIS Trading
http://www.cistrader.com
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