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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


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

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


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4 comments:

  1. Anonymous20 November 2012 at 17:41

    I came across this the other day.

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

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  2. Anonymous20 November 2012 at 19:12

    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. Chartrambler20 November 2012 at 22:37

    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. Chartrambler20 November 2012 at 22:47

    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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