RE: [RT] Wolfe

["Jim Ross" <jrosscpa@xxxxxxx>]

Yes, I’ve read his little teaser tutorial on Wolfe Wave many times and that’s why I call it KISS.  It is simple and I believe it gives you a little edge.  I don’t know what you’d get for the $3K and I haven’t taken the course.  And I’ve never found, in hundreds of hours of posting on many blogs, anyone who has taken the course.  The WW searches I’ve done are quicky descriptions of the method but do not comport to Mr. Wolfe’s tutorial in many cases.  So, no, I really don’t have anything that would be more sophisticated than that tutorial unless you spent the $3K for the fax back and forth Wolfe wave course. 

Reading your post, you might not have discovered the Wolfe wave teaser tutorial.  It is very good although I’m sure he’s holding back some things that he considers ‘secrets’ that are worth the cost of the course.  I used to have the link but I’ve changed computers.  You’ll know you’re there when you get the last couple screens that offers it for the fee.  It is well worth reading, a couple times (takes only minutes to move through it). 

Good luck, Jim

 

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Kishore Rochey
Sent: Wednesday, March 18, 2009 2:53 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Wolfe

 

Hi Jim

 

I read about this method of trading - Wolfe Wave some 10 years ago from the book ' Street Smarts '

A friend lent me the book to read.

Looking at the screenshot, I understand where you are coming from.

Do you have any recent meterial on the setups or any update of the Wolfe Wave trading method.

I remember that it was being taught by Mr Wolfe himself for about USD 3,000.00 then.

 

Regards

 

Kishore Rochey

 

----- Original Message -----

From: Jim Ross

To: realtraders@xxxxxxxxxxxxxxx

Cc: 'Rob Almony' ; 'Tony Ritenour' ; 'Jeff Shumate' ; scott.kattwinkel@xxxxxxxxxxx

Sent: Wednesday, 18 March, 2009 9:25 AM

Subject: RE: [RT] Wolfe

 

Thanks Don.  Actually, in early March I was looking at looking at a larger timeframe and McHugh’s March 9 Phi turn date as being point 5 that got me long March 9.  Looks like the green objective line that is realized.  On Friday near the close I flipped short because we’d gotten so close to the objective (I quick called it Friday as today demonstrates).  Once the topping is complete (and today’s move looked very ending diagonalish to me) this top becomes a point 5 with Jan 2008 as point 1.  That gives an incredibly lower objective (see the second chart).

Which gets us back to the next apparent Wolfewave with much larger time and price implications.  Note that the objective we reached recently through the bullish WW above now becomes point 5 of the new wave.  The fly in the ointment is that point 5 above can overshoot so it can still go higher before the dive.  And EW would allow this thing to piddle around for quite a while before embarking lower.  Nevertheless, the weight of EW “celebrity” analysts believe a wave 5 down is forthcoming (Prechter and Neely notably). 

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Don Ewers
Sent: Tuesday, March 17, 2009 7:52 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Wolfe

Jim,

Here is a different Wolfe wave pattern that appeared back a week ago at the bottom I was watching.  It is off Interactive Brokers 30min charting so I can't label the 1-2-3-4-5, but look at the downward wedge, a clear 1-2-3-4-5 and spring starting. Prices did retreat but stopped at the lower TL (retreat not shown), then rocketed moving well above the target line  . . .  telling us something . . . . this reaction was more than a Wolfe?

Don Ewers

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