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Matt Bowen wrote:
> Hi Clyde,
> "In my opinion" I see two things wrong with that chart:
.......................
> In order to find a pre-qualified wave 3 you need look at the Elliott
> Oscillator or (5/35 oscillator).
DET writes:
Matt could you give an example, for a 'real wave 3' and an example that
Clyde gave.
I am not sure what is being compared. If its a strong wave three,then
are you saying that the peak of the 5/35 oscillator at the peak of wave
three is two times the inverse or negative trough of the previous wave
or the so called 2 wave?
Measure the height of the oscillator in wave 3 (above
> the Zero line and then compare that number to the number the last move the oscillator
> had below the zero line. This one tool alone will throw out the subjectivity involved in Elliott.
>
> --
> Matt Bowen
> Sales/Support
> Trading Techniques, Inc.
> mbowen@xxxxxxxxxxxxxxx
Appreciatively,
Don Thompson
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