|
PureBytes Links
Trading Reference Links
|
don,
just following thru on the prev discussion, attached is the daily snp w/ 106
bars from May high and the normal elip getting close, but the 10/70 still has
not pulled back enough. To me it looks like we still may have more to the
upside. I am still not sure how to tell if the advance should stop at the normal
or the LT elip. Also note you were right that the PTI has continued to
drop
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Wednesday, October 03, 2001
1:47 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
SPC 120minLee,I am not sure if the 100 to 140 is
from the start of wave 1 to wave 3 oralso into the wave 4 count? I am not
sure he is all that clear on that.I just start with wave 1 and count
to the current bars (using the AGET toolin the lower right corner) and
like to see it near or in that 100 -140 barrange. It is a good tool to use
when analyzing internal wave counts of animpulse wave (finding the minor
4) for yet another Type 2 trade.Thanks for the charts, yes going to
180 would be correct in my mind.Damm bought 2500 EMC this am on the
open and traded it for a point at 12.72now at 12.23 . . . ? A little
panic buying or short covering?don ewers----- Original Message
-----From: "Lee Morris" <LMorris@xxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Wednesday, October 03, 2001 12:23
PMSubject: RE: [RT] SPC 120min> That is very helpful I just
got williams book last week and will move itup> the reading list
based on your post. here is the chart you requested, but> the question
I'm having trouble w/ based on the attached chart is how can> you tell
if the normal elipise that is about to hit (or may have already> hit)
will stop the advance or after a small pullback it will rally on
tothe> LT elipise and actually that is the place I made my mistake
by thinkingthat> the ST elipise would hold it. I also notice that
the PTI has increase to34.> thks again for the detailed info from
williams I am aready looking at it.> Also wave c = wave a @
1071>> based on the bar count which on the 120 min is 161 I am
also including the> 180 which has 120 bars. So if I follow this
method when looking for theend> of wave 4 find a time pd chart that
has btw 100 and 140 bars btw the start> of w1 and the end of w3 then
focus on the 5/35 (which is still in controlon> the attached chart)
but then whats the trigger to know which elipise will> hold or do you
just need to wait for the LT to hit.>> thanks again for your
insight> -----Original Message----->
From: Don Ewers [mailto:dbewers@xxxxxxxxxxxxx]> Sent:
Wednesday, October 03, 2001 12:36 PM> To:
realtraders@xxxxxxxxxxxxxxx> Subject: Re: [RT] SPC
120min>>> Lee,> I picked
up on it from a Bill Williams book called "Trading Chaos"
inthe> Chapter 7 section for EW counts page 102 &
page 124 (in the chapter he> does> give Tom Joseph
of AGET credit for the 5/35, but Williams actually
usesa> 5/34 MACD oscillator). He discusses the
need to look at time frameswhere> you have at least 100
to 140 bars for the oscillator to work right>
(actually> pages 102 to 166 should be read and thoroughly
understood).>> The statement made is: "Our
research indicates that, for the most> accurate>
measurement, the wave under consideration should occupy from 100 to
140> bars. If we are looking at a wave sequence of fewer
than 100 bars, the> MACD> will be measuring the
Elliott wave of a larger degree. If the wave>
sequence> occupies more than 140 bars, the MACD will be
measuriung an Elliot waveof> a> smaller
degree".>> What it did for me is help indentify
whether the chart I was looking at> was> of the
right 'time" frame if I planned on using the 5/35 to find wave 4.>
He> also makes the comment that using the technique (p126)
will help most> people> that use EW counts from
making the most commen mistake, namely counting>
wave> 3 inside of wave 3 as the end of wave 3 and then
counting wave 5 of wave3> as a larger degree wave 5.
This would be similar to the question youposed> to me
on your OEX post, namely is this wave 4 or just minor 4 of wave 3.>
To> figure the answer out correctly the right time frame
chart has to be> looked>
at.>> I see the 1065.92 Cash S&P high was just
hit, hmmm that is pretty closeto> the 1066.38 50%
retracement W2 to W3 on the 60min chart.>> Can you
take the TJ web off the 120min chart and put fib retracements>
(.382,> .50,.618, .786) from the wave 2 to the w3? and
ellipse (short normal,> long)> on also w2 to
w3.> don ewers>> ----- Original
Message -----> From: "Lee Morris"
<LMorris@xxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Wednesday,
October 03, 2001 10:27 AM> Subject: RE: [RT] SPC
120min>>> > the use of the # of bars is
interesting can you expand on the thoughts> of> >
how the # of bars needed is determined and what "triggers you to move>
from> > one chart to another based on bar count. here is
the 120 min on thesnp> w/> a>
> pti of 30> > -----Original
Message-----> > From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]> > Sent:
Wednesday, October 03, 2001 10:56 AM> > To:
Real Traders> > Subject: [RT] SPC
120min> >> >>
> Lee,> > My AGET is EOD and
as such limited to 60min, daily, weekly and>
monthly.> >> > Can you
post a 120min chart of the SP cash with a 5/35 oscillator>
w/1.4> > and> > 10/70
oscillator w/1.4. Use whatever count the oscillator tell you?I>
am> > interested in the
PTI?> > don ewers>
>> >>
> Yahoo! Groups
Sponsor> >> >>
>> > To unsubscribe from this group, send
an email to:> >
realtraders-unsubscribe@xxxxxxxxxxxxxxx>
>> >> >>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.> >>
>>> Yahoo!
Groups Sponsor>>>> To unsubscribe from
this group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>
Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.>>To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: "10-25snpd.GIF"
|