Jnavin, thanks for compliment.
ndx
Started by
fauxpas13
, Sep 30 2006 04:55 PM
10 replies to this topic
#1
fauxpas13
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Posted 30 September 2006 - 04:55 PM
Jnavin, thanks for compliment.
#8
PorkLoin
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Posted 10 October 2006 - 08:39 PM
Hi Fauxpax,
As in your last post, over the years I've seen many a third wave which goes on and goes on, just about seemingly forever. Times like this one could also be counting a series of 1s and 2s from the July low.
When one does so, it rarely works out, but it's something to think about.
Best,
Doug
#9
fauxpas13
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Posted 11 October 2006 - 01:55 AM
Thanks for the comment! Actually, had 4 sets of 1-2's off July low before they started unwinding under this count...as per first (top) chart in ndx post below...just didn't keep numbering them in on subsequent charts Earlier Ndx Post
I simply take it a leg at a time 'til price action or pattern says the count's off ... I try to always have a more bullish and more bearish alternate for the sake of flexibility/no surprises/look both ways while crossing the street, etc. Wave counting is a magnificent tool but I'm never adamant about my count as it's more important trades be right than predictions...so a whole series of 1-2's would be just fine with me.
(I trade off intraday charts but, for most part, no longer post those counts as it appears the 24-hour futures action now bleeds in with the intraday...sometimes overnight completes part of a wave sequence, other times it's just meaningless noise.)
I simply take it a leg at a time 'til price action or pattern says the count's off ... I try to always have a more bullish and more bearish alternate for the sake of flexibility/no surprises/look both ways while crossing the street, etc. Wave counting is a magnificent tool but I'm never adamant about my count as it's more important trades be right than predictions...so a whole series of 1-2's would be just fine with me.
(I trade off intraday charts but, for most part, no longer post those counts as it appears the 24-hour futures action now bleeds in with the intraday...sometimes overnight completes part of a wave sequence, other times it's just meaningless noise.)
