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John,
this setup is legitimate according to the Master Himself... Bill Wolfe gives
the details in his correspondence course. Linda Raschke's description
doesn't do full justice to this pattern (though it gives a good first
impression). In any event, I'd certainly agree that these waves are
sometimes difficult to locate.
Best regards,
Michael Suesserott
-----Ursprungliche Nachricht-----
Von: jdfo [mailto:jdfo@xxxxxxxxx]
Gesendet: Thursday, March 22, 2001 17:08
An: realtraders@xxxxxxxxxxxxxxx
Betreff: Re: [RT] A Perfect Wolfe Wave
Mike,
Your Wolfe Wave is almost "perfect" except that, as I understand it, "
.....point 3 MUST be lower than point 1 for a buy setup." It seems that
your point 3 is equal to or a little higher than point 1. This might be too
strict but this is according to Linda Raschke. Your point 4 is higher than
point 1 which is correct. Any comments?
I've always been fascinated by the Wolfe Waves, but find it hard to
locate them.
jdfo
----- Original Message -----
From: <MikeSuesserott@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 22, 2001 10:05 AM
Subject: [RT] A Perfect Wolfe Wave
> Hi all,
>
> sometimes Wolfe Waves can be astonishingly perfect. Please find attached
the
> one that formed in yesterday's 5-min. NQ01M.
>
> Good trading!
>
> Michael Suesserott
>
>
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