Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Henry Ford

Intelligent, polite feedback welcome !
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Tuesday, 20 November 2012

Aud Wolfe Wave

Am still new toWolfe waves so not sure if its valid or not but would suggest a fast move down to the 1-4 trendline if it is


4 comments:

  1. I came across this the other day.

    http://www.atradersnotepad.com/module-2-chart-pattern-analysis/wolfe-wave-reversal

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  2. I don't think it is valid because 3 needs to surpass 1 -and- 2 most likely would be lower than 4. That being said, I am not an expert either. Keep these coming. The one you did for the S&P seems to match the discoverer... Bill Wolfe called for a market crash on 11/12.

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  3. Thanks guys.There is a guy on Danerics board,Richard who uses them a lot and is short,expecting 1220 on Spx

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  4. this one from Coolbizone,also from Dan's is good http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=6&g=0&id=p63798364601&a=281559960&r=1352936174075&cmd=print

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