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I believe what Walt is saying has some validity....in fact, we we're sittin'
around this morning arguing that lots of turns in the market are .618
retracements from "somewhere".....I believe it is an "art" and not a science
to develop where those "somewhere"'s are...ie:this wave or the next larger
wave or the next larger wave.....
Still one can make some pretty nice change, once one gets a feel for using
the .618
retracements...Look at CH8.....2.36-3.04=.68...618*.68=.42...3.04-.42=2.62
THE LOW TODAY WAS 262.5.......you could buy down here using a 2.59 stop.....
Oh...where to exit?????????????????????????????
Tom Stein comfut@xxxxxxx
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