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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,
Though I tend to not use the e-wave counts in GET as many would. Here is how I analyzed the CSCO weekly chart with GET which was a thread started by Gitanshu (I miss him) on realtraders back on September 26,2000.
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Re: GEN: Outside days & trend examples
From: ROSOW@xxxxxxx
Date: Tue, 26 Sep 2000 23:18:56 EDT
CC: realtraders@xxxxxxxxxxxxxxx
Reply-To: ROSOW@xxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx In a message dated 09/26/2000 9:47:02 AM Eastern Daylight Time, OnWingsOfEagles@xxxxxxxxxxxxx writes:
> Classical tech analysis says this leg of the downtrend in CSCO is just> beginning.> > Gitanshu
Gitanshu,Here's an E-wave analysis in the same vain - Lenny
Attachment Converted: "c:\program files\qualcomm\eudora\attach\CSCOweeklyC3.gif"
I then took this thread to another group I'm on and posted the following on 10/08/2000:
From: ROSOW@xxxxxxx
Date: Sun Oct 8, 2000 12:41 pm
Subject: Re: [ntt-list] CSCO
Monty,CSCO is down right scary if it can move down to the 38 area!! Only hope for it is if 70 can be taken out to the upside. There probably will be a move back up to the 60-62 area but my guess would be down for the next 2-3 weeks. Attached is a chart I sent someone on 09/29 - Lenny
Don, notice that at the top of the chart the training mode is no where to be seen. This was a realtime chart I sent Gitanshu back in September 2000. So yes, I would have to say that some of the wavers were in a shorting mode back then!
Lenny
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