Hello 99er - I have seen the Wolfe Wave concept, curious how this analysis technique has worked for you. It does not apply Elliot principles so I am not so sure the accuracy but interested to hear your experiences. DJD
DJD After little success in determining the next squiggle in an Elliott Wave count despite using Fib retracement levels, I googled "statistical probability of Fib retracement levels" and stumbled across Wolfe Waves. They are quite useful at predicting pivots. Indeed, in this down market, I think three patterns will prove useful: Wolfe Waves, Gartley Patterns and Channels. Good luck!
Chart: SPX
ReplyDeleteWe can put a fork in it now.
http://www.screencast.com/t/ZmFmOTdlNGU
Hello 99er - I have seen the Wolfe Wave concept, curious how this analysis technique has worked for you. It does not apply Elliot principles so I am not so sure the accuracy but interested to hear your experiences. DJD
ReplyDeleteDJD
ReplyDeleteAfter little success in determining the next squiggle in an Elliott Wave count despite using Fib retracement levels, I googled "statistical probability of Fib retracement levels" and stumbled across Wolfe Waves. They are quite useful at predicting pivots. Indeed, in this down market, I think three patterns will prove useful: Wolfe Waves, Gartley Patterns and Channels. Good luck!
OK Thanks!! DJD
ReplyDelete