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Just a note that Jeff (a trader) and I spotted this pattern
before the Asian Crisis occured.
Kishore Rochey
Brent:
The most important fact about any pattern. method, system or whatever, is
like you said, how many times did it work. 3 out of 4, good percentage
but not enough examples. 30 out of 60, enough examples probably but %
is no good. What is the ideal? Hard to say, for example 21 out of 30
maybe enough, 70%. But has it been tested back enough years to cover
all types of markets. When I take a stock market indicator and back
test it
I like to do the period from 1966 through 1974. It boils down to the
fact that you must do the research. Unfortunately, wall street experts
so to speak, do not do this. Opinions by people on TV in my opinion are
detrimental, they like to hear themselves talk. Enough said.
Norman
BrentinUtahsDixie wrote:
>
> Not that I care who gets credit, but who has time to research all the past
> writings before you can say something about something. The problem as I see
> it
> is that almost nobody bothers to say what percentage of the time a pattern
> worked
> over the last umteen years.
>
> Brent
>
> -----Original Message-----
> From: Earl Adamy <eadamy@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Saturday, March 20, 1999 4:26 PM
> Subject: Re: Wolfe Wave on SnP
>
> >How would this differ from Edwards and Magee's "Broadening Top" formation?
> >Not that it necessarily applies in this case, however I'm amazed at how
> >often, while reading an article on some original work or research, the
> >author rediscovers E&M's work some 50+ years ago without credit.
> >
> >Earl
> >
> >-----Original Message-----
> >From: R.E.Turner <rturner@xxxxxxxxxxxxxxxxx>
> >To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >Date: Saturday, March 20, 1999 3:45 PM
> >Subject: Re: Wolfe Wave on SnP
> >
> >
> >>Slight correction of my interpretation of the WolfeWave numbering scheme,
> >>as gleaned from "Street Smarts" and the basic architecture faxed to me by
> >>Wolfe. Comments by someone who actually studied under Wolfe would be
> >>helpful since it appears that there are projection and predictive
> qualities
> >>to the Wolfe Wave.
> >> Russ-----Original Message-----
> >>From: R.E.Turner <rturner@xxxxxxxxxxxxxxxxx>
> >>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >>Date: Saturday, March 20, 1999 8:25 AM
> >>Subject: Re: Wolfe Wave on SnP
> >>
> >>
> >>>Kevin,
> >>> My interpretation ofr the Wolfe Wave is slighlly different. We're
> >not
> >>>quite to the top of Wave 6 on the SnP, with a potential for a down
> >>>Wave 7(or shifting one cycle to the right, 7 becomes a new 5). The top
> >of
> >>>Wave 6 is closer to the trendline drawn from point 1 through point 4.
> >>Again
> >>>just my interpretation, never took Wolfe's $2500 course
> >>>Russ
> >>>-----Original Message-----
> >>>From: Kevin Shin <kalalex@xxxxxxxxxxxxx>
> >>>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >>>Date: Saturday, March 20, 1999 2:57 AM
> >>>Subject: Wolfe Wave on SnP
> >>>
> >>>
> >>>>I wonder if there's any Wolfe Wave follower.
> >>>>It seems like SP's posing for the wave setup.
> >>>>I'm not saying that we saw the top by any means.
> >>>>
> >>>>
> >>>>
> >>>>
> >>>
> >>>
> >>>
> >>
> >>
> >>
> >
> >
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