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Hi Earl,
I am forwarding this on behalf of another trader,
and would appreciate your input since you have demonstrated before how this
works.
Thank you very much,
Kate
Good Morning:
I've just read some pages of Bill
Wolfe, and hence still not familiar with the Wolfe Waves. I am not even sure
whether his pattern applies only to rising and descending wedges. However, as
I understood so far the bullish Wolfe Wave-structure would point to a HIGH @
1.314 in the SPX around September 22, the bearish one to a LOW around
September 11 @ 1.244,8 ... hmm ... compared to what I had in mind both
projections aren't very likely ... but I have no clear idea about reasonable
time frames for projection nor how reliable these "Estimated Time & Price
at Arrival"-points are. Should one look at trading days or calendar days,
daily close-values or OHLC. Is there any experience and critical opinion on
this matter out there? Does the approach make sense at all?
Thanks
Georg
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