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PTI is the Profit Taking Index which automatically appears during
a W.4. High numbers are good, numbers below 36 result from a strong W.4
retracement and suggest that the W.5 will be weak. Of equal importance are the
blue/green/red channels which should be used in conjunction with the PTI. A high
PTI and retracement remaining above the Blue channels indicates high odds of a
strong W.5 or even extension of the W.3, especially if the 5/17 oscillator is
holding at 0. A low PTI and retracement to/through the red channels suggests
that the W.4 may turn out to be a W.2 in the opposite direction.
See attached SPX daily where price has retraced to the red channel
and the PTI is down to 16 suggesting the "W.5" will fail and that the W.4 might
be a W.2 or part of a larger ABC. AGet is not providing a count down on the
weekly chart so the recent rally could be a weekly W.2
retracement or a weekly ABC.
Earl
What is PTI with Advanced GET and how significant is
it?
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