This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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.
I came across this the other day.http://www.atradersnotepad.com/module-2-chart-pattern-analysis/wolfe-wave-reversal
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.
Thanks guys.There is a guy on Danerics board,Richard who uses them a lot and is short,expecting 1220 on Spx
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