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.
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
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.
this one from Coolbizone,also from Dan's is good http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=6&g=0&id=p63798364601&a=281559960&r=1352936174075&cmd=print
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I came across this the other day.
ReplyDeletehttp://www.atradersnotepad.com/module-2-chart-pattern-analysis/wolfe-wave-reversal
I don't think it is valid because 3 needs to surpass 1 -and- 2 most likely would be lower than 4. That being said, I am not an expert either. Keep these coming. The one you did for the S&P seems to match the discoverer... Bill Wolfe called for a market crash on 11/12.
ReplyDeleteThanks guys.There is a guy on Danerics board,Richard who uses them a lot and is short,expecting 1220 on Spx
ReplyDeletethis one from Coolbizone,also from Dan's is good http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=6&g=0&id=p63798364601&a=281559960&r=1352936174075&cmd=print
ReplyDelete