|
PureBytes Links
Trading Reference Links
|
There
have been a lot of "foolers" recently, I would like to hear how some people
handle this aspect of Aget. The way I have been trying to deal with this is
using the assumption that if you can determine which wave is in control at that
time then most lesser time frames will normally complete 5 waves before turning.
Right now I believe that we are near the end of this down move and so many of
the dailies need to be satisfied most have not gotten to their wave 5 targets so
I would treat the rally today as a w4 of w5 and either cut my size and/or go
down to a small time frame to protect against a complex w4. The only issue with
this is I do not have a well defined point as to when I concede that a low is in
and an impulse wave has started.
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Wednesday, April 10, 2002 2:40
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
AOLBobKC,Here is the 60min chart on AOL (I added
the daily again if needed forreference).It is just looking at the
price structure from minor wave 4 of wave 5 on thedaily (basically the
point where the regression channels start on the dailychart). If the
pattern is correct, then it is in the extended wave 3 rangewhich only
happens 8% of the time. In otherwords a time to tighten stops ifone
were short or cover. What could happen from here is a wave 4 rally onthe
60min, followed by another final wave 5 decline (provided the PTI
stayshigh enough, currently 99) that might reach down into the refined
area shownon the daily.The wave 4 rally could trigger a "false buy
on the daily" (braking theregression lines and 6/4 ma), which I call the
"fooler", until pattern is"really" done.As an add on I have not
used 60min charts on stocks all that much (do oncommodities though) so
this falls in the FWIW department (meaning littleexperience as to the
accuracy).don ewers----- Original Message -----From: Don Ewers
<dbewers@xxxxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Wednesday, April 10, 2002 1:05
PMSubject: Re: [RT] AOL> BobKC,> Here is what AGET
is saying on a daily chart FWIW.>> Price is definitely into some
support areas including the MOB's and just> entering the wave 5 target
range (I also did an "internal" wave projection> of just wave 5 which
shows an even more refineded target range which "may"> come into play
as well).>> Typical trade rules would require a break of the
regression channels orthe> 6/4 ma channels to trigger a buy. I will
look at a 60min to see if it> reveals anything more in detail. If
so I will post it.> don ewers> ----- Original Message
-----> From: <bobskc@xxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Wednesday, April 10, 2002
12:21 PM> Subject: [RT] AOL>>> > I felt that a
bottom may have been put in for AOL today and bought in at> >
20.33. The 20M new shares was filled without effort and the low
volume> > leveled ... Warner is worth about $22 as a weighted mc
which means AOLis> > free and you get TW at a 10%
discount. Just my thoughts and action..all> > due
diligence in order of course.> >> > BobTo
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
ADVERTISEMENT<a href="http://rd.yahoo.com/M=194081.1994012.3473453.1261774/D=egroupweb/S=1705001779:HM/A=1036972/R=0/*http://www.ediets.com/start.cfm?code=3466"targe
t=_top>
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.
|