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Tim Morge,
This is interesting. Take a look at the attached two 60min SP gif's.
I went to the 60min chart I sent out yesterday 02-21-01 and noticed the wave
2 had moved after and I had not noticed that until just now. What is
interesting is once the wave 3 went beyond a 2.618 expansion at 2:30 CST of
wave 1 subtracted from the top of wave 2 (which projected to 1268 yesterday)
and we started getting into "the 8% of the time, expansion area" for wave
3's, the software decided to move wave 2. Since I can go back in time with
AGET, I checked and the change occurred in the last hour. Now what is
interesting is with the "new wave 2" position comes "new wave 3"
projections, and 1.618 comes in at 1218. Today's low @1230 may just have
been people fading the limit down level at 1224.50 in an oversold market,
however as it gets near a fib level the same thing happens also. So the
structure basically changed by a degree to fall back into the norm, like an
expanding EW should do?
Anyway it gives some support to the low today?
don ewers
----- Original Message -----
From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 21, 2001 3:01 PM
Subject: Re: [RT] S&P bottom?
> Thanks, Don. I had a measuring objective of 1251.50 that blinked on my
> spreadsheet this morning and when it came out, I laughed at it and figured
> I hadn't had enough coffee. Sheesh! These moves really teach you to
believe
> that anything is possible at any time.
>
> Tim Morge
>
> At 02:58 PM 2/21/01 -0600, you wrote:
> >Tim,
> >Then again looking at a 60min chart the 1342 (actually 1341.80) pivot on
> >2-13-01 may not be the one to measure from:
> >
> >Going to the 1335.80 pivot (on 2-15-01) less 74 = 1261.80 and the 1310.50
> >pivot (2-20-01) less 55 = 1255.50 and less 74 = 1236.50
> >
> >But like I said this market is not acting "normal" perhaps
> >don ewers
> >
> >----- Original Message -----
> >From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Wednesday, February 21, 2001 2:45 PM
> >Subject: Re: [RT] S&P bottom?
> >
> >
> > > Tim,
> > > These are rough numbers he gave out a while back in an effort to put a
> >price
> > > to the timing curve he puts out. They were 26,36,55 and 74 points from
a
> > > pivot (high or low.
> > >
> > > Example a while back we hit a 1315 low and then rallied. 1315 +26
points
> > > equaled a 1341 target (as well as 1315+36 = 1351, and so on). Prices
> >stopped
> > > at 1342. Just areas to watch that MAY hold. At the extreme he allows a
6 h
> > > slippage, which we exceeded today so a possible negative (meaning the
> >market
> > > may not be acting "normal").
> > > don ewers
> > >
> > > ----- Original Message -----
> > > From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, February 21, 2001 2:03 PM
> > > Subject: Re: [RT] S&P bottom?
> > >
> > >
> > > > Don:
> > > >
> > > > Can you refresh my memory about how you use time factor points? Or
point
> > > me
> > > > to something to read? I am having a craving to learn more about how
> >folks
> > > > use time in their trading.
> > > >
> > > > Thanks.
> > > >
> > > > Tim Morge
> > > >
> > > >
> > > >
> > > > At 01:56 PM 2/21/01 -0600, you wrote:
> > > > >
> > > > >Lastly 1342.00 the last pivot high less 74 "Time Factor points" =
1268
> >(I
> > > > >have mentioned him before).
> > > > >
> > > > >Soooo... lets see if we have a bottom for a wave 4 rally perhaps?
> > > > >don ewers
> > > >
> > > >
> > > >
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> > > >
> > >
> > >
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> >
> >
> >
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