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This is frontend documentation in
application.
The rules that I use are what I got from
the
indicated URL.
Clyde
{
Indicator:
Wolfe_Waves_I
Purpose: Find 4
turning points which meet defined criteria
and
draw
the ETA lines and the EPA line.
Author: Clyde Lee,
Copyrighted 2001
Rules for Bullish WolfeWave
Structure
Please note the odd sequence in counting,
as you will see, it is
necessary for the inductive analysis. By starting with a top we
are assured of beginning our count on a new
wave. (The reverse
would apply for a bearish wave.)
The 2 point is a top.
The 3 point
is the bottom of the first decline.
The 1 point is the bottom prior to point
2 (top), that 3 has surpassed.
The 4 point is the top of the rally after
point 3.
The 5 point is the bottom after point 4 and is likely to exceed the
extended
trend line of 1 to 3.
This is
the entry point for a ride to the EPA line (1 to 4).
Estimated Price at
Arrival (EPA) is trend line of 1 to 4 at apex of
extended
trend line of 1 to 3 and extended trend line of 2 to 4.
Estimated Time of
Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.
/.EPA
.. /
2
.. /
/\ 4
..
/
/
\ .
/\
/
/ \ .
/ \ /
/ . \
/ \ /
\/ \
/ \ /
1
\/ \ /
3
\/
5
}
----- Original Message -----
Sent: Thursday, October 12, 2006 09:28
AM
Subject: RE: [RT] Update on Wolfe
Waves
Clyde, setting aside
the pivot picking, what criteria are you using to filter for a WW? For
example, must #3 retrace into #1-#2 by some minimum percentage ... say 38.2?
Must #5 hit the reversal line ahead of the apex, perhaps in a time
relationship relative to time between #1 and #5?
Earl
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- Clyde
Lee
phone: 713.783.9540 SYTECH Corporation 7910 Westglen, Suite
105 Houston, TX 77063 fax:
713.783.1092 WebSite: www.theswingmachine.com-
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