on Steve's chart, where he shows the overlap at 1267, what he
means by that is that if the price goes below there it negates an
impulse move up. Otherwise if it doesn't then could be
starting a stronger move up possible with a wave C low already in
place.
You must have been a teacher in this life or another. Excellent
explanation. Really do appreciate when you explain what is
transpiring, and that you do it constantly. Thanks
Your welcome bag4 - just remember that these are simple
guidelines for mapping only. Use your triggers (ie trendline
breaks, reversal candles, etc.) for trading in accordance with the
time frame your are comfortable trading.
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on Steve's chart, where he
SPX 5
Posted by matt on 17th of Mar 2011 at 10:10 am
on Steve's chart, where he shows the overlap at 1267, what he means by that is that if the price goes below there it negates an impulse move up. Otherwise if it doesn't then could be starting a stronger move up possible with a wave C low already in place.
anyway it's early yet so we'll let things unfold.
on Steve's chart, when he shows the overlap at 1267
Posted by bag4 on 17th of Mar 2011 at 10:39 am
You must have been a teacher in this life or another. Excellent explanation. Really do appreciate when you explain what is transpiring, and that you do it constantly. Thanks
Your welcome bag4 - just
Posted by steve on 17th of Mar 2011 at 10:42 am
Your welcome bag4 - just remember that these are simple guidelines for mapping only. Use your triggers (ie trendline breaks, reversal candles, etc.) for trading in accordance with the time frame your are comfortable trading.