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Here it is Ralph,
Off the top AGET had it in a wave 3 and since you do not hold through a wave
4, you exit on a 6/4 ma sell signal which was given. I did not have a hard
stop in but when I saw the chart I exited immediately. So at this point
AGET said take your profits on the wave 3 and wait to see if a wave 5 long
setup materializes. Not a bad call it would seem.
I will walk it out on the next chart to see what develops regarding any wave
5?
don ewers
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, November 26, 2001 11:52 AM
Subject: Re: [RT] elliot-wave chart for csco
> Hi Ralph,
> All I can say is it has been a good tool for me to use and since I am not
> selling anything here (and have no connection with them), I have nothing
to
> gain by posting AGET things to the list. My posts normally discuss the
> current pattern/counts and offer upwhat they are saying. If they don't
mean
> anything to you or you don't understand the value, then simply hit the
> delete key?
>
> If one has not spent the time to learn AGET, learned to understand all of
> the "tricks" of the program, adjust ones thinking to the possible changes
in
> patterns as they unfold, then yes it could be considered tea leaves, as
> anything else could, nothing is 100% , there is no holy grail. Attending
"a
> few seminars" is hardly the time needed to understand the program, one
needs
> to use it for some time first. My experience has been over 6 years, it it
> would seem unlikely that I would be using something for that period of
time
> if it did not provide predictive value that I have profited from?
>
> My point is, AGET if used properly normally gets one on the "right side of
> the trade" more often than not, after that your trading skills and
> discipline need to take over. Will a person be stopped if it is wrong and
a
> count changes dramatically, yes, but that change of count I find keeps me
> well away from the "I hope syndrone", since in reality it tells me it was
> wrong and here is what now looks right. Some people cannot accept the
fact
> things change. Initially I was one until a guy at AGET (Andy Bushak)
> pointed out to me (more than once) that there are some count changes that
> don't make any difference you are still on the right side of the trade.
You
> just adjust profit and stop targets on them. It is the dramatic ones that
> do make the diffence and need to be heeded.
>
> As far as the oscillators I beg to disagree, they are one of the most
> valuable tools in my work as to which counts to use (normal, short or long
> term) and the foundation of the program, so your familiarity with AGET is
> showing there perhaps?
>
> That said, AGET does have the ability to go back in time and show exactly
> what it showed on any given date so I will look at what it showed as you
> have asked and post the chart on CSCO. I know I sold CSCO in my kids
> accounts at 60 3/4 depite them telling me they wanted to stay in it at the
> time and that they was in it for the long haul. AGET told me it was
likely
> all over at the time or nearing an end. It did go higher afterwards I
would
> have to admit. I will post a chart to see what it said, truth be known as
> it were.
>
> What was the other stock your friend asked about and the date roughly the
> question was asked, I will see if I have the data on it also.
> don ewers
>
>
> ----- Original Message -----
> From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, November 26, 2001 11:03 AM
> Subject: Re: [RT] elliot-wave chart for csco
>
>
> > Don, I looked at the AGET chart for csco and that mumbo jumbo of Elliot
> counts, as so
> > marked, has no meaning. I'm sorry to be negative, but all it looks like
to
> me is an
> > afterthought to make sense out of random pattern -- no different than
> trying to read
> > tea leaves. Also, the OSC at the bottom also seems to offer no
predictable
> outcome. I
> > would like to ascertain from AGET users is whether the system has merit.
> In other
> > words, did AGET give any indication of the initial csco drop in early
2000
> or when it
> > really started to tank in late 2000; and, did it get close to predicting
> the ensuing
> > carnage? The csco chart that you had attached also showed some slash
lines
> in blue,
> > green and red that are predicting the next possible outcome. If you were
> to look back
> > at previous drawings of those lines, how often has AGET been correct in
> drawing those
> > lines?
> >
> > I went to a few AGET seminars and in the last one I brought a friend who
> wasn't too
> > diplomatic and kept pressing a representative to predict what might
happen
> to a stock
> > she owned. If you ever wanted to see a sales rep. squirm, you should
have
> been there.
> > However, AGET was showing a modest gain for the stock we were examining,
> but the stock
> > now in the sewer. So, if you can give your input on the performance of
> AGET, I would
> > appreciate it -- but be careful, there are libel laws ;-).
> >
> > Ralph Volpe
> >
> > Don Ewers wrote:
> >
> > > Lenny,
> > > I agree with your weekly count.
> > >
> > > Using AGET weekly charts, after "parobolic" moves, will almost always
> > > initially label the correction downward wave 3 due to the depth of the
> 5/35
> > > oscillator (likely on the way up also if the 5/35 never reaches zero).
> It
> > > makes sense to look at them using the 5/17 oscillator that shows the
> > > internal count of these severe pullbacks, so thanks for the
suggestion.
> > >
> > > If one goes to the current daily chart this gives a 1-2-3 count up off
> the
> > > bottom so "TV" a wave 4 pullback is likely at some point here (this
> whole
> > > sequence may be relabeled a 1-2 eventually if the stock continues to
> move
> > > higher thereafter)? If one looks back to April-June another 1-2-3-4
> count
> > > up occurred off the low, but since there was no "credible" minor wave
4"
> at
> > > that point, that rally was assumed to be just that, and that lower
minor
> > > wave 5 lows would follow, (which in fact has now occured) which
stresses
> why
> > > I like to look for the "good" minor wave 4 before assuming a 5 wave
> sequence
> > > is complete (the first one is frequently a fake out and only a minor
> wave 4
> > > of wave 5)? I think this is the part that can frustrate early users
of
> the
> > > software until they "read between the lines at times" (ie the imfamous
> count
> > > change).
> > >
> > > Lenny, I have showed both of the retracements (normal fib from wave 2
> and
> > > from wave 1) you mentioned. I have found just the wave 3 retracement
> quite
> > > accurate though and only use the full wave 1- wave 3 retracements if
the
> > > wave 4 red channel is exceeded, since wave 4 should be correcting only
> wave
> > > 3 only (wave 1 was corrected by wave 2). I see some confluence, so
lets
> see
> > > how it works out (assuming CSCO recent high starts a correction here).
> > > don ewers
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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