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My previous mail does not appear to have got through ... seeing the
subject is still current I am resubmitting my post in case it is of help
.... regards Martin
Message-ID: <34B3314C.A05C046D@xxxxxxxxxxxxxx>
Date: Wed, 07 Jan 1998 18:09:56 +1030
From: Martin Haesler <mhaesler@xxxxxxxxxxxxxx>
Reply-To: mhaesler@xxxxxxxxxxxxxx
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To: Real Traders Forum <realtraders@xxxxxxxxxxxxxx>
Subject: Divergence Indicator
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<x-html><HTML>
<I>James in LA wrote</I><I></I>
<P><I>I think I'm right in saying that divergence is hard to code.
Probably because</I>
<BR><I>it's something of a subjective thing. Am I right about this,
people? If not,</I>
<BR><I>I would love to find out how this could be accomplished.</I><I></I>
<P>Metastock 6.5 has a divergence function ...
<P>divergence(data array1, data array2, % minimum change)
<P>eg divergence(close(rsi(21),3) looks for divergences between the close
and a 21 period RSI.
<BR>movements in the close less than 3% are ignored.
<P>This infor is "straight out of the book" and hopefully of interest to
you.
<P>Regards ... Martin</HTML>
</x-html>From ???@??? Thu Jan 08 21:51:59 1998
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Date: Fri, 9 Jan 1998 16:27:43 +1100
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From: "David Hunt" <adest@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Elliot Wave Theory & The Markets
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Status: O
Humphrey,
Silver has been a textbook Elliott Wave set up. Even during the event!!
Be warned. My advice is to use Elliott to develop a probable outcome or
pattern to the market then use good old fashioned trend following or
pattern analysis at the right time and place according to Elliott. Elliott
himself was a forecaster not a trader. Elliott Wave theory lends itself
to great forecasts that you can trade if you know how to trade. But often
peoples forecasts get wrapped up with their egos and it becomes to admit
they are wrong - myself included.
There are good Elliott traders around and good markets for Elliott, the
trouble with Elliott is that most can not use it as a stand alone method -
there are too many grey areas too often. Tom Joseph from Trading Techniques
Get has tried to make Elliott systematic - usinng 4th Wave Set ups and 5th
Wave setups. He also now has some techniques for the 3rd Wave - this is
the one that most traders can not afford to miss out one. I would check
out their site.
David Hunt
http://homepages.tig.com.au/~adest
----------
: From: Humphrey D. Geiseb <hum@xxxxxxxxxx>
: To: REALTRADERS@xxxxxxxxxxxxxx
: Subject: Elliot Wave Theory & The Markets
: Date: Friday, January 09, 1998 4:52 AM
:
: I am just trying to learn if there are any adherents of the Elliot Wave
: Theory(EWT) on this list. If so, how relevant is the theory to the
: modern-day markets. Assuming that EWT has relevance, is it correct to
: expect that some markets that are down 40-50 per cent since 1 Jan. 1997,
: will ever return to this levels. In the same vein, does EWT state that
: markets that are 'up' by 200-300 per cent, can one day be down by the
very
: same margins. Any links of Elliot's theory on the web would be welcome.
:
:
: Just wondering.
:
:
: hum.
: Moscow
:
:
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