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I maintain a passing familiarity with EW, however I do a lot of work with fibs.
Wouldn't one be more likely to see a _significant_ wave 5 failure at .618 of
wave 3?
Earl
-----Original Message-----
From: Tom Stein <comfut@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, June 25, 1998 8:27 AM
Subject: Re:Bonds/EW
>Here is the 5 wave rally that I'm looking at(sometimes my math is off, but I
>think this is correct)....
>
>1-118.06-120.18=76 ticks
>2-120.18-118.27=55 ticks
>3-118.27-122.03=104 ticks(1.38 of 1)
>4-122.03-120.29=38 ticks (.38 of 3)
>5-120.29-124.04=103 ticks (3=5)
>
>Tom Stein
>comfut@xxxxxxx
>
>
>
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