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<DIV><FONT color=#000000 size=2>Have seen the discussion on DTN. I have a
friend with Globalink whos system went down about the same time. Anyone
have any info as to if this sattalite problem could be involved.?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
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<DIV><FONT size=2>Thanks,</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Allan</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon May 25 09:02:21 1998
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Mon, 25 May 1998 23:29:07 +0800 (HKT)
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Date: Mon, 25 May 1998 23:28:56 +0800
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From: Jeffrey Harteam <jharteam@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Elliott Wave
References: <35689D78.C61F1DDA@xxxxxxxxxxx>
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Greetings John:
Here are a few more pointers I will add in addition to your 'parameters'.
Hope this helps.
John Nowak wrote:
> A few weeks back there were some posts on Elliot wave. This is an area
> I am currently exploring....for the weekend. There must be some rules
> of thumb for the observations and interpretations of the waves. In
> scanning my charts I have used the following
>
> 1) Wave 2 should be equal to wave 4
>
> 2) Zig Zag in wave 2 is common
>
> 3) wave 3 can have and extension ...usually 5 wavelets
4) The rules of alternation should also be applied when considering
corrective waves. For instance, if wave 2 is a simple corrective zigzag;
alternately, corrective wave 4 should take into account of the possibility
of a more complex type of pattern. An example would be: 5-3-5(zigzag) +
triangle + 5-3-5(zigzag) = wave 4.
5) The possibility of a fifth wave extension, especially in trading
stock index and commodities futures.
6) Overlapping of the fifth wave usually results in the formation of an
upward wedge before the break down of the current trend.
7) (THIS ONE IS MY PERSONAL PREFERENCE): There SHOULDN'T be any x's
involve in the counting of corrective waves, except with certain type of
triangles and wedge where a-b-c-d-e is a perfectly valid counts for these
type of patterns. Personally, the inclusion of x's in corrective waves
basically means one really doesn't know what the heck is going on of a
particular market anymore. IOWs, one has loss his/her perspective already.
>
>
> Those of you who have more experience in Elliot wave......Could you
> enter some more that you use....maybe we can develop a better
> understanding of how the system is to be used. The system I use needs
> four bars to be posted past the last wave turning point before it plots
> the wave line is this the norm?
> John
Have a good one
Jeff Harteam
Hong Kong
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