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I wondered if one can use the osc trying to decide
if the move which
followed when 5 waves are completed, was
trend reversal with W.1, W.2 & W.3
or it is ABC correction after which a new set of 5
waves is to be expected.
That is, apart from other wave count rules which
govern this subject like size
and time of retracement, etc.
Jan Philipp
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, August 26, 2001 11:59
AM
Subject: Re: [RT] Gen - EWosc
suggestions
Just pulled out the manual.
Oscillator breakout above breakout band
identifies W3.
After breakout, a pullback under breakout
band to a point
at least 90% of W3 peak or zero will
identify W4.
After pullback, a breakout over band is
likely leading to
a W5 top. Oscillator at W5 top
should be less than at
W4 top. Too much of a pullback and
W3 is probably invalid.
Quite a few other things also discussed
and in particular
how this should be used with other
indicators.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=bobrabcd@xxxxxxxxxxxxx
href="mailto:bobrabcd@xxxxxxxxxxxxx";>BobR
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx ;
<A title=MedianLine@xxxxxxxxxxxxxxx
href="mailto:MedianLine@xxxxxxxxxxxxxxx";>MedianLine@xxxxxxxxxxxxxxx
Sent: Sunday, August 26, 2001
13:05
Subject: Re: [RT] Gen - EWosc
suggestions
It would be best if someone familiar with AGet and that
oscillator answeredthe question. I would suspect there are rules
but I haven't run into themyet. Maybe we will have to create them.
The question is an excellent oneand I will look for an answer as I work
through the manuals and tapes. Thevideo tape examples of the use of the
oscillator so far have been in wave 3and retracements in wave
4.bob----- Original Message -----From: "Jan Philipp"
<jan4123@xxxxxxxxxxxxx>To: <realtraders@xxxxxxxxxxxxxxx>;
<MedianLine@xxxxxxxxxxxxxxx>Sent: Sunday, August 26, 2001 10:53
AMSubject: Re: [RT] Gen - EWosc suggestions>
Bob,>> Are there rules for the use of 5/17 & 5/35 osc for
ABC corrections e.g.> similar to> those for impulse waves W.3
& W.5 (divergence, etc.) ?>> Jan Philipp>>
----- Original Message -----> From: "BobR"
<bobrabcd@xxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>;
<MedianLine@xxxxxxxxxxxxxxx>> Sent: Saturday, August 25, 2001
3:31 PM> Subject: [RT] Gen - EWosc
suggestions>>> > Here are some suggestions to
consider on use of the EWosc posted> yesterday.> > Other
input is welcome.> >> > 1.> > Use the (H+L)/2
input when price levels in the data set are in the same> >
ballpark as in intraday data, and use Log((H+L)/2) when they are in>
> different ballparks such as on daily or weekly or monthly charts
whenthe> > data set goes back years and decades.> >
2.> > Set the K input to 0.8 for "80%" bands. The default is
1.0 or "100%"and> > you may want to leave it there too for
different instruments. The bands> are> > considered
strength or breakout bands. Lower levels trigger earlier> >
breakouts.> > 3.> > Insert the EWosc 3 times and use 3
different length inputs. Theselengths> > were for 60
minute bars and day bars, but may also apply to shorter> >
intervals.> > 5/17 for scalpers and little guys with tight
stops> > 5/35 for position traders of 1 to 2 days> >
10/70 for commercials> > 4.> > Lay horizontal lines at
the -1.4 level when the trend is up. Place itat> > +1.4
when the trend is down. This line is the "shakeout" line for
the> > little guys when the commercials are jerking price around
forpositioning> > like occurred on Friday. When the
Little Guy is shaken out but the> > Commercial Osc is still above
the -1.4 and turns up and crosses zero and> > then crosses the
upper breakout band like on Friday, well, you get the> >
picture.> > 5.> > When the Commercial Osc is above the
upper band, price is in wave 3.You> > want to be long in wave
3 and ride with the commercials as they are in> > control.
Watch for divergences between price and the Oscillators>
indicating> > the end of wave 3.> >> >>
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