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Clement -
I am a constant user of the program you provided for doing symmetry wave
analysis. It is simple to use and provides me with an effective view of
where the symmetry wave potential support areas are. Like every other
analytical tool, I have found that it is important to combine it with
other techniques to verify the potential of the results.
As you point out, it does not follow all the rules defined for symmetry
wave analysis by the original authors. But this may actually be an
advantage. I view some of the constraints placed on the symmetry wave
technique to be over done, screening out possible applications which
might be useful.
As a tool, it does what a tool is supposed to do: it speeds up my
analysis process of this factor and allows me to consider the potential
presence of these support areas at the same time I am looking at several
other contributing factors. Although it works for me because of the way
I look at charts, it may not work for others with different approaches
to chart analysis.
Disclaimer: I am a satisfied user of the technique and have no other
interest in this analytical tool.
Ned Markson
http://www.erols.com/cnedgo
Clement wrote:
>
> Ned,
>
> If you are still using the program I sent you that does symmetry wave, you
> would have noticed that it does
> what you call "interim symmetric wave" which is a known bug as far as the
> strict application of symmetric wave
> is concerned.
>
> However, your analysis of "interim symmetric wave" merely acknowledges
> that a correction is usually of an ABC
> nature and wave C has usually the same length with wave A except in this
> case +/-20% of the initial correction of
> the same degree which in my mindis a perfectly plausible extension to the
> theory.
>
> Clement
>
> ----- Original Message -----
> From: Ned Markson <cnedgo@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, December 18, 1999 6:17 PM
> Subject: [RT] Re: MKT - S&P 500 12/17/99
>
> > John -
> >
> > After our exchange today, I went back over the past few months of my
> > archives published at http://start.cgirealm.com/signal/ to see where I
> > had used the interim symmetric wave technique. As it turned out, there
> > were four applications which forecasted the support correctly in the
> > time frame which I checked. These were:
> >
> > 9/23/99
> > 10/18/99
> > 11/2/99
> > 11/23/99
> >
> > and one application which didn't work at 11/15/99.
> >
> > Clearly it doesn't follow the rules spelled ot by Gur Dillon's method or
> > your SymWave method. However, I have been quite enthused with it's use
> > over the past year in identifying credible support areas.
> >
> > Thanks for your instructive remarks. They have helped me to better
> > understand your approach which, as I mentioned to you some time ago, was
> > what originally piqued my interest in this approach.
> >
> > Regards
> >
> > Ned Markson
> >
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