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Earl and real traders anyone have a view on the Footsie 100 - I am very
bearish
regards
Susan
> Correction NQ 1624 should read NQ 1620
> -----Original Message-----
> From: EAdamy [mailto:eadamy@xxxxxxxxxxxx]
> Sent: Tuesday, September 12, 2006 9:12 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: RE: [RT] Wolfe Waves
>
>
> This is a tale of two Wolfe Waves. All charts are 15 minute. Upper left is
> ES ... note the slope of the upper line which is so shallow that it fails to
> catch the really significant reversal retracements at 162% and 200% ... it
> will clearly have to exceed the upper line by quite a bit to reach the 1320
> potential reversal area. Lower left is NQ ... note the slope of the upper
> line which is steep enough to catch the significant reversal retracement
> area around 1624 without a huge run above the upper line. On the right we
> have AD volume oscillators which are running overwhelmingly bullish. In my
> view, the NQ WW is far more likely to work.
>
> Conclusion ... I believe it is important to have a fairly steep upper line
> in order for the WW to hit the extreme retracement zone required to offer a
> low-risk reversal. Let's see how it works out.
>
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