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Re: [RT] Wolfe Waves



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wrong chart got out on that email.

----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, October 08, 2001 9:16 PM
Subject: Re: [RT] Wolfe Waves


> The 15 minute and 60 minute INDU show price nearing the apex of the
> triangle.  The 15 min made a fast rise and then an eroding decay into the
> close.  Some folks see this as a "high" level consolidation meaning an
> upward resolution, but the 15 minute looks like a failure in progress.
> Tuesday will be interesting for sure.
>
>
> ----- Original Message -----
> From: "Don Thompson" <detomps@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, October 08, 2001 9:05 PM
> Subject: Re: [RT] Wolfe Waves
>
>
> > Well, Infernal, goal dern it, why you all got a read, why tomorrow will
be
> a
> > volatile day?  :)
> > What kinda probability promise do you get on your infernal intrails....I
> > thought for a minute being an Elk you might
> > be just upset about all this Wolf howling, 'specially since winter is
> settin
> > in..
> >
> > My internal infernals, are saying a pretty good chance of a higher high,
> > better than 80% and only a 1:3 chance of
> > a lower low.  My read is that the high in the EMini, on average won't
rise
> > above the Friday high.  But I think that
> > the market could move up here..since there a good chance that there is a
> 5:6
> > chance for a higher close.
> > But woa,, that 1:6 down could be a real downer.
> >
> > Hope you don't mind me being folksy.. Could you all show us what a good
> wolf
> > wave might look like?
> >
> > Best regards..
> >
> > PolarKat
> >
> >
> >
> >
> >
> >
> > ----- Original Message -----
> > From: "Infernal Elk" <infernalelk@xxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, October 08, 2001 11:41 PM
> > Subject: Re: [RT] Wolfe Waves
> >
> >
> > >
> > > these are not classic "wolfe-waves".  real wolfe-waves occur in
> > > expanding patterns (andrews (of andrews pitchfork fame) called them
> > > "expanding pivot formations").  i am not sure if professor andrews
> > > predates bill wolfe, but its my understanding that the pattern was
> > > originally identified by gartley in the 1930s & that bill wolfe is a
> > > good marketer.
> > >
> > > in any case tomorrow promises to be a volatile day, but not because
> > > these formations are "wolfe-waves".
> > >
> > > - *lk
> > >
> > > >>  Potentially Volatile Day tomorrow.
> > > >>  Today was an inside day and coiling.
> > > >>  2 Symmetrical Wolfe Waves are apparent ( I only labeled 1) with a
> 30pt
> > reso=
> > > >>  lution by 1:00 PM ET.
> > > >>  30 points are not hard to hit given the current state of affairs.
> > > >>  Steve
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> > >
> > >
> >
> >
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> >
> >
> >
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> >
>
>
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