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Well this is interesting the very next day AGET changed the wave 3 to a wave
5 and started a new 1-2-3 count down (chart 1). So exiting the wave 3 shown
in the previous gif was exactly the right thing to do?? Not bad for tea
leaves I guess Ralph you would have to admit?
But there is more . . . .
don ewers
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, November 26, 2001 12:15 PM
Subject: Re: [RT] elliot-wave chart for csco
> Here it is Ralph,
>
> Off the top AGET had it in a wave 3 and since you do not hold through a
wave
> 4, you exit on a 6/4 ma sell signal which was given. I did not have a
hard
> stop in but when I saw the chart I exited immediately. So at this point
> AGET said take your profits on the wave 3 and wait to see if a wave 5 long
> setup materializes. Not a bad call it would seem.
>
> I will walk it out on the next chart to see what develops regarding any
wave
> 5?
> don ewers
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, November 26, 2001 11:52 AM
> Subject: Re: [RT] elliot-wave chart for csco
>
>
> > Hi Ralph,
> > All I can say is it has been a good tool for me to use and since I am
not
> > selling anything here (and have no connection with them), I have nothing
> to
> > gain by posting AGET things to the list. My posts normally discuss the
> > current pattern/counts and offer upwhat they are saying. If they don't
> mean
> > anything to you or you don't understand the value, then simply hit the
> > delete key?
> >
> > If one has not spent the time to learn AGET, learned to understand all
of
> > the "tricks" of the program, adjust ones thinking to the possible
changes
> in
> > patterns as they unfold, then yes it could be considered tea leaves, as
> > anything else could, nothing is 100% , there is no holy grail. Attending
> "a
> > few seminars" is hardly the time needed to understand the program, one
> needs
> > to use it for some time first. My experience has been over 6 years, it
it
> > would seem unlikely that I would be using something for that period of
> time
> > if it did not provide predictive value that I have profited from?
> >
> > My point is, AGET if used properly normally gets one on the "right side
of
> > the trade" more often than not, after that your trading skills and
> > discipline need to take over. Will a person be stopped if it is wrong
and
> a
> > count changes dramatically, yes, but that change of count I find keeps
me
> > well away from the "I hope syndrone", since in reality it tells me it
was
> > wrong and here is what now looks right. Some people cannot accept the
> fact
> > things change. Initially I was one until a guy at AGET (Andy Bushak)
> > pointed out to me (more than once) that there are some count changes
that
> > don't make any difference you are still on the right side of the trade.
> You
> > just adjust profit and stop targets on them. It is the dramatic ones
that
> > do make the diffence and need to be heeded.
> >
> > As far as the oscillators I beg to disagree, they are one of the most
> > valuable tools in my work as to which counts to use (normal, short or
long
> > term) and the foundation of the program, so your familiarity with AGET
is
> > showing there perhaps?
> >
> > That said, AGET does have the ability to go back in time and show
exactly
> > what it showed on any given date so I will look at what it showed as you
> > have asked and post the chart on CSCO. I know I sold CSCO in my kids
> > accounts at 60 3/4 depite them telling me they wanted to stay in it at
the
> > time and that they was in it for the long haul. AGET told me it was
> likely
> > all over at the time or nearing an end. It did go higher afterwards I
> would
> > have to admit. I will post a chart to see what it said, truth be known
as
> > it were.
> >
> > What was the other stock your friend asked about and the date roughly
the
> > question was asked, I will see if I have the data on it also.
> > don ewers
> >
> >
> > ----- Original Message -----
> > From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, November 26, 2001 11:03 AM
> > Subject: Re: [RT] elliot-wave chart for csco
> >
> >
> > > Don, I looked at the AGET chart for csco and that mumbo jumbo of
Elliot
> > counts, as so
> > > marked, has no meaning. I'm sorry to be negative, but all it looks
like
> to
> > me is an
> > > afterthought to make sense out of random pattern -- no different than
> > trying to read
> > > tea leaves. Also, the OSC at the bottom also seems to offer no
> predictable
> > outcome. I
> > > would like to ascertain from AGET users is whether the system has
merit.
> > In other
> > > words, did AGET give any indication of the initial csco drop in early
> 2000
> > or when it
> > > really started to tank in late 2000; and, did it get close to
predicting
> > the ensuing
> > > carnage? The csco chart that you had attached also showed some slash
> lines
> > in blue,
> > > green and red that are predicting the next possible outcome. If you
were
> > to look back
> > > at previous drawings of those lines, how often has AGET been correct
in
> > drawing those
> > > lines?
> > >
> > > I went to a few AGET seminars and in the last one I brought a friend
who
> > wasn't too
> > > diplomatic and kept pressing a representative to predict what might
> happen
> > to a stock
> > > she owned. If you ever wanted to see a sales rep. squirm, you should
> have
> > been there.
> > > However, AGET was showing a modest gain for the stock we were
examining,
> > but the stock
> > > now in the sewer. So, if you can give your input on the performance of
> > AGET, I would
> > > appreciate it -- but be careful, there are libel laws ;-).
> > >
> > > Ralph Volpe
> > >
> > > Don Ewers wrote:
> > >
> > > > Lenny,
> > > > I agree with your weekly count.
> > > >
> > > > Using AGET weekly charts, after "parobolic" moves, will almost
always
> > > > initially label the correction downward wave 3 due to the depth of
the
> > 5/35
> > > > oscillator (likely on the way up also if the 5/35 never reaches
zero).
> > It
> > > > makes sense to look at them using the 5/17 oscillator that shows the
> > > > internal count of these severe pullbacks, so thanks for the
> suggestion.
> > > >
> > > > If one goes to the current daily chart this gives a 1-2-3 count up
off
> > the
> > > > bottom so "TV" a wave 4 pullback is likely at some point here (this
> > whole
> > > > sequence may be relabeled a 1-2 eventually if the stock continues to
> > move
> > > > higher thereafter)? If one looks back to April-June another 1-2-3-4
> > count
> > > > up occurred off the low, but since there was no "credible" minor
wave
> 4"
> > at
> > > > that point, that rally was assumed to be just that, and that lower
> minor
> > > > wave 5 lows would follow, (which in fact has now occured) which
> stresses
> > why
> > > > I like to look for the "good" minor wave 4 before assuming a 5 wave
> > sequence
> > > > is complete (the first one is frequently a fake out and only a minor
> > wave 4
> > > > of wave 5)? I think this is the part that can frustrate early users
> of
> > the
> > > > software until they "read between the lines at times" (ie the
imfamous
> > count
> > > > change).
> > > >
> > > > Lenny, I have showed both of the retracements (normal fib from wave
2
> > and
> > > > from wave 1) you mentioned. I have found just the wave 3
retracement
> > quite
> > > > accurate though and only use the full wave 1- wave 3 retracements if
> the
> > > > wave 4 red channel is exceeded, since wave 4 should be correcting
only
> > wave
> > > > 3 only (wave 1 was corrected by wave 2). I see some confluence, so
> lets
> > see
> > > > how it works out (assuming CSCO recent high starts a correction
here).
> > > > don ewers
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
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>
>
>
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>
>
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