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M. Simms,
Agree, but when a count change occurs with the software, I focus on the
"current change"and what the new pattern it is saying, rather than the
lagging older pattern, since when it is all said and done, it usually makes
sense (but not always though). The thing to concentrate on is, what it is
"currently" saying as to where one would want to be position wise.
Once again it took me some time to focus on that, rather than the changes
(on the shorter term charts). I think this is why some complain about EW
and AGET, basically wanting it to always be right and never change, as
opposed to saying, opps that was wrong, and here is what looks right now
(particullary since one time frame may be folding into another, like the
weekly S&P currently and the daily). As I have said interestingly, you were
frequently still on the right "side" of the market, yet your profit/loss
targets might change due to the new count.
In a way it goes with what many have commented at times, which is "let the
market tell you", rather than you tell the market? AGET tells you, even if
it changes what the market is currently telling you, and that takes some
getting use to, no matter what you are following (ie the low PTI all the way
from 10-3-01, an "early warning" on the daily).
Of course sideways markets can play heck with anything too, if they occur.
I hope we do not see that for an extended period of time!
don ewers
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 06, 2001 8:13 PM
Subject: RE: WAVES - was RE: [RT] Jon88keys!
> Thanks.....and this looks like it conforms to the EWT rules for the most
> part.
> However, the "C" wave down has questionable 1-2-3-4-5 counts shown.
> Appears almost as though counts 1 & 2 are within 1 day of each other.
>
> > -----Original Message-----
> > From: Don Ewers [mailto:dbewers@xxxxxxxxxxxxx]
> > Sent: Thursday, December 06, 2001 4:04 PM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: Re: WAVES - was RE: [RT] Jon88keys!
> >
> >
> > (with charts, sorry)
> >
> > M. Simms
> > You must be psychic, the count changed on the daily S&P cash on 12-4-01
> > (first chart) from a 1-2-3-4 (down) to on 12-5-01 (second chart)
> > to an A-B-C
> > (down) and 1-2-3 (up), since as you said the wave 4 retraced too far.
> >
> > Of further interest is the 200 MA, the brown line on the chart?
> >
> > Since I have been using the weekly as my primary "roadmap" which
> > already had
> > 5 waves at the lows (third chart) in which many fib targets were
> > met), some
> > have been anticipating this change in count on the daily to
> > result and are
> > looking at the wave 4 daily to evolve in an large ABC pattern
eventually?
> > Perhaps the new wave 4 daily (or wave B?) could be the pullback many are
> > expecting too?
> > don ewers
> >
> > ----- Original Message -----
> > From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, December 06, 2001 2:00 PM
> > Subject: WAVES - was RE: [RT] Jon88keys!
> >
> >
> > > Speaking of WAVES......
> > > does anyone with AGet know if it has "thrown in the towel" on
numbering
> > this
> > > latest move-up as Wave #4 out of 5 down ?
> > > I believe all indications are that #4 was really #5 and that we
> > are in #1
> > of
> > > 5 - up.
> > >
> > >
> > > > -----Original Message-----
> > > > From: Ralph Volpe [mailto:rjv@xxxxxxxxxx]
> > > > Sent: Thursday, December 06, 2001 2:11 PM
> > > > To: realtraders@xxxxxxxxxxxxxxx
> > > > Subject: Re: [RT] Jon88keys!
> > > >
> > > >
> > > > Jon88, thanks for your response. I agree with you, the market
> > > > moves in waves and
> > > > there's no sure methodology to predict a move; however, the waves
> > > > we speak of
> > > > very often have a bias in intensity one way or another. It is my
> > > > opinion, based
> > > > on an assessment of economic fundamentals and
> > > > reaction/counter-reaction market
> > > > movements, this market is hurting -- and the hurt will be felt
> > > > shortly on the
> > > > downside.
> > > >
> > > > Ralph
> > > >
> > > > jon88keys@xxxxxxx wrote:
> > > >
> > > > > In a message dated 12/6/2001 1:39:36 PM Eastern Standard Time,
> > > > rjv@xxxxxxxxxx
> > > > > writes:
> > > > >
> > > > > << Dorothy, are you still out there? Some time ago I posted
> > long-term
> > > > > charts of the NASD and INDU with my analysis that this market
> > > > was in for
> > > > > a nice rise. Well, I think this rise should end by Monday of next
> > week.
> > > > > My question to you, Dorothy, and others, do you share my
> > view on the
> > > > > vulnerability of this market or should we succumb to the
> > > > 'talking heads'
> > > > > again with their exuberance for a rebound?
> > > > > >>
> > > > >
> > > > > I'm not Dorothy, but the Dow has been in overbought territory
> > > > for some time
> > > > > now. I would expect at least a correction pretty soon. A
> > > > correction would be
> > > > > healthy, even. But we're just surfers riding the wave and
> > > > moving our stops.
> > > > > I have no problem with the market moving to infinity, either :).
> > > > >
> > > > > But answering your question: sure the market's vulnerable.
> > > > But the market's
> > > > > always vulnerable (hence the word "market" as opposed to "sure
> > thing").
> > > > >
> > > > > Kowobunga dudes (and dudettes),
> > > > >
> > > > > Jonathan
> > > > >
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
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> > 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
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> >
> >
>
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