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In a message dated 98-01-27 12:52:59 EST, you write:
<< Thanks Jim. Did they address the issue of how MOB's and ellipses appear and
then
move in real time, in particular when the market proves these wrong?
Gwenn
>>
Gwenn
Their big thing about moving targets/counts was that "Get tells you what the
market is doing, it doesn't tell the market what to do." But I think that was
more aimed at shifting wave counts (ie: A,B,C's turning into 3s or 4s,
whatever). Andy said don't worry about what the count is now or turns out to
be; we're just looking for trading opportunities. I'll look at my notes per
the shifting mob's, however, I think what he said was you just know where to
put your stops on the mobs and you're out if the trade goes against you. He
also talked about going down the good trade check list and then also looking
at the projected price target and the downside stop loss and he gave us a
ratio above which the trade would be worth the risk.
Jim
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