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RE: [RT] Fibonnaci



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<FONT face=Arial color=#0000ff 
size=2>Don,
<FONT face=Arial color=#0000ff 
size=2> 
I like 
your counts.  Let it go up tomorrow ok.  I'm now long and you know I 
need the money.
<FONT face=Arial color=#0000ff 
size=2> 
<FONT face=Arial color=#0000ff 
size=2>Jimmy
 

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Don Ewers 
  [mailto:dbewers@xxxxxxxxxxxxx]Sent: Saturday, February 10, 2001 
  12:57 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: 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 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Saturday, February 10, 2001 12:05 
    PM
    Subject: RE: [RT] Fibonnaci
    
    <FONT face=Arial color=#0000ff 
    size=2>With a rise from here the last rectracement really was dead on 
    classic.  I gave up on EWT when Prechter went 
    <FONT face=Arial color=#0000ff 
    size=2>bearish in 87.  Perhaps I should say I gave up on Robert.  
    EWT is pretty cool.
    <FONT face=Arial color=#0000ff 
    size=2> 
    <FONT face=Arial color=#0000ff 
    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 
        title=realtraders@xxxxxxxxxxxxxxx 
        href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
        
        Sent: Saturday, February 10, 2001 
        11:13 AM
        Subject: RE: [RT] Fibonnaci
        
        <FONT face=Arial color=#0000ff 
        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 face=Arial color=#0000ff 
        size=2>the waves as usual.
        <FONT face=Arial color=#0000ff 
        size=2> 
        <FONT face=Arial color=#0000ff 
        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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