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here
is a chart that may help those without AGET RT. I agree I use the 5/17 for the
internal wave count and the 5/35 for the primary waves and then the 10/70 for
the overall trend
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Wednesday, April 10, 2002 5:05
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
AOL
Lee,
If I don't see a good wave 4 (credible with 5/35
to zero and an ABC with divergence between the A and the C on a 5/17) and
subsequently a good minor wave 4 in wave 5 (use the 5/17 a lot for wave 5
internal count), I generally as a rule won't trade it.
It is these "foolers" that one learns through
experience, in a reduction in their pocketbook, to respect :-)
Your lessor time frame is correct and pivotal,
which is why I would recommend having the 60min charts. The problem is
you can normally only get them using AGET data which is expensive, although I
understand there are now methods to "get around that", pardon the
pun.
don ewers
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lee Morris
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, April 10, 2002 2:15
PM
Subject: RE: [RT] AOL
<SPAN
class=010044718-10042002>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.> >> >
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Attachment:
Description: "aol.GIF"
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