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no couldas/shouldas
otherwise good discourse
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Ewers
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, February 10, 2001 6:57
PM
Subject: Re: [RT] Fibonnaci
Jimmy,
Ahh, yes October of 1987, he had it right one might say, just the wrong
degree of the count (wave 2, not wave 5), look at the monthly chart
attached where 1987 is. Also attached is the weekly which shows a large ABC
corrective pattern ending near a swing target, so I repeat this is an
important time as to which direction we go from here (the 1.618 expansion also
shows where a wave 3 down (wave A becomes 1, wave B becomes 2 and wave C
becomes 3) might go, ugh, hope not. Keep in mind this whole pattern can unfold
into yet a larger pattern (Mr. P's mistake?) Also of note on the monthly is
the 5/35 oscillator is approaching zero in a month+ which could mark a wave 4
on the monthly (software posts the wave 4 when the oscillator gets to zero (or
gets within 10% of it)). This folds relatively well into the weekly chart
which is showing internal breakdown of wave 3 on the monthly, and a possible
ABC wave 4?
Now if one would have only taken those XTL trades and held, hmmmm . .
.
don ewers
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jimmy
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, February 10, 2001 12:05
PM
Subject: RE: [RT] Fibonnaci
<FONT color=#0000ff face=Arial
size=2>With a rise from here the last rectracement really was dead on
classic. I gave up on EWT when Prechter went
<FONT color=#0000ff face=Arial
size=2>bearish in 87. Perhaps I should say I gave up on Robert.
EWT is pretty cool.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Saturday, February 10, 2001
11:49 AMTo: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxSubject:
Re: [RT] Fibonnaci
Me too at times, Jimmy.
EW is just a broad general roadmap that can be followed, that's
all. I t tells you what might be around the corner and using very specific
techniques namely a 5/35 oscillator (and a 5/17 and 10/70) to tell
you whether a count change is eminent. It attempts to keep you out of
trouble and on the right side of the trade. Money management,
discipline and trade size will however really dictate the success of any
trader, as we all know.
To answer your question, I have no idea at this point but can detail
some possibilities. I do think this is an important trading point
potentially, however.
The way I see it there are several possibilities (not predicting here
justlooking at the possibilities)First (a bit bearish) the 5
wave sequence to the low is really a larger Wave1 (with a 5 wave
sequence) and the ABC correction is a larger Wave 2.Meaning we have
started large Wave 3 down (minor 1:3 = minor wave 1 of bigWave 3) and
may get a pullback (minor wave 2:3) that will not take out thewave C
top.Second (bullish) the 5 wave sequence down is complete and Wave
A is reallyWave 1 and Wave B is really Wave 2 and Wave C is really
minor wave 1:3, andthe pullback to the trendline is minor wave 2:3 and
we are headed up fromhere in which case the wave C high will be
exceeded. (It is also possiblewave C will relabel as wave 1 still
making this pullback wave 2?)Pick your poison? We will have to let
the charts and AG (Alan) tell us thedirection. Bonds might be a clue
in the short term, if they continue to move dramatically higher a
recession with some teeth in it and most likely a weaker market. It is
possible however that both stocks and bonds move in the same direction as
opposed to opposite at this point in the economic cycle, as I have
mentioned before, so that may not help either? This will be interesting
going forward for sure!don ewers
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jimmy
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, February 10, 2001
11:13 AM
Subject: RE: [RT] Fibonnaci
<FONT color=#0000ff face=Arial
size=2>So what is next per EWT? Do we now have a wave 3
down or is it 1 up or will a B down follow? I'm lost in
<FONT color=#0000ff face=Arial
size=2>the waves as usual.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Friday, February 09,
2001 9:09 PMTo: Real TradersSubject: [RT]
FibonnaciFor those of you that use fibonnaci
extensions (and possibly EW, as I do),an excellent example that it
should be "considered" in any trading strategy.Two hits in my
book.The attached ABC consolidation off a major December low,
was a perfect 1.0times Wave A = Wave C (added to the depth
of Wave B) so far, top was taggedalmost to the tic . . .
then the l"apparent" low on 2-9-01 today ( a .618retracement level
off the low to the recent high) . . . this works allot bythe
way . . .don ewersTo unsubscribe from this
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