again as I've stated before, use EW as a tool only, personally I
only find it useful for shorter term, such a intra day charts and
sometimes daily charts, but honesty I find it more useful intra day
(such as 1 min or 5 min, 15 min, 60 min charts) i.e. in conjunction
with positive or negative divergence, but that's it.
that's why I rarely post any EW in my newsletters on daily index
charts, I prefer trendlines, MA's, and other things.
When EW can get people into trouble is on the real long term,
because if you are trying to say something is supercycle or grand
supercycle, those things are so theoretical.
What the Heck are they talking about, for months you've said the
trend was up until proved other wise! The trend is still up it has
been since July with a slight stutter in early Nov. Ride the wave
or drown!
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again as I've stated before,
regarding the market
Posted by matt on 16th of Mar 2010 at 12:51 pm
again as I've stated before, use EW as a tool only, personally I only find it useful for shorter term, such a intra day charts and sometimes daily charts, but honesty I find it more useful intra day (such as 1 min or 5 min, 15 min, 60 min charts) i.e. in conjunction with positive or negative divergence, but that's it.
that's why I rarely post any EW in my newsletters on daily index charts, I prefer trendlines, MA's, and other things.
When EW can get people into trouble is on the real long term, because if you are trying to say something is supercycle or grand supercycle, those things are so theoretical.
agreed. Trendlines/ MA/ Divergences and
Posted by vnathwani on 16th of Mar 2010 at 12:55 pm
agreed. Trendlines/ MA/ Divergences and using a specific MA crossover for example....13/34 to define the bigger trend.
I will keep schtum about EW as I have made my points clear now
What the Heck are they
Posted by ditch on 16th of Mar 2010 at 12:55 pm
What the Heck are they talking about, for months you've said the trend was up until proved other wise! The trend is still up it has been since July with a slight stutter in early Nov. Ride the wave or drown!