Tony asked how I got some red trend lines... these represent... well in EWT you have wave 1 which went from monday to wednesday, then the wave 2 pullback on wed and thursday.... now wave 3 thursday and friday.. and that represents that entire trend... one might suggest a pull back wave 4 into the green trend, then wave 5 into a top.
for the most part I find a trend... more than 3 pts in a line... then copy it, and see if it becomes support resistance.
Friday, February 6, 2009
trend lines 2
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2 comments:
Thanks, got it. BTW, have you taken the entire Traders' Course at Invivo?
Here's my explanation:
http://starwealth.blogspot.com/2009/02/finding-tell-in-graph.html
I've just done 'some' of what she has in the trade setups.
overall, T-lo just uses the edwards Magee stuff. Mixed with Mamis.. And she is super smart. Her brother wrote a book about 10 patterns that make money. I haven't read that one.
As long as my weeks are, I have a hard time reading on the weekends. I am always hoping to forget about the market.
Just for more edification there is always a chance that that could go bull flag..
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