I think Caldaro does his site for attention.
There are real world events happening and intervnetions so normal
wave action is lessened, some EW does still work occasionally, but
not that often. Don't get carried away with
EW. My weigh in.
Seems to me it depends too on what level the wave count is.
I think those higher levels are harder to put credence in,
since world events, etc. can negate a count that's been in place
for months. But I do put credence in an intraday chart w/ a
5-wave impulse down and then a 3-wave bounce for shorting (or the
reverse, etc.). As a rank amateur I've learned that much,
anyway, from BPT.
I think Caldaro does his
"This time its different, I swear!"
Posted by steveo on 6th of Apr 2012 at 05:19 pm
I think Caldaro does his site for attention. There are real world events happening and intervnetions so normal wave action is lessened, some EW does still work occasionally, but not that often. Don't get carried away with EW. My weigh in.
Seems to me it depends
Posted by frtaylor on 6th of Apr 2012 at 09:46 pm
Seems to me it depends too on what level the wave count is. I think those higher levels are harder to put credence in, since world events, etc. can negate a count that's been in place for months. But I do put credence in an intraday chart w/ a 5-wave impulse down and then a 3-wave bounce for shorting (or the reverse, etc.). As a rank amateur I've learned that much, anyway, from BPT.
Yep, sometimes they are textbook
Posted by steveo on 9th of Apr 2012 at 02:27 pm
Yep, sometimes they are textbook especially on the very short timeframes.