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Old 10-19-2009, 01:48 PM
kaori kaori is offline
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Likely,

Likely using any method out there if you ask opinion from 100 participants you will get 100 different answers.

Can you tell me exactly where Macd and Rsi are with daily chart by 31.12-2009 and also draw the method and way to they travel this path or as alternate draw the chart of SPX with precise target points without that Macd and Rsi.

Do you think those 100 participants response would be anything same or even close using those magic indicators - they donīt provide for you anything at all, just helping with timing. Oscillator wonīt tell you where price is going and when and where is the next turns.

EW cycle waves calls for bottoms and tops are top of the range from recent years unless you know someone else shorted SPX 750 points down, closed at the bottom and went bullish again. As now gave cycle warning again for bears.

I do have multiple EW counts at timely basis for one product only. Once they all pinpoints to the same direction thatīs entry.

The reason why EW works only for very few is related for the issue that only very few can even study the theory itself to the very end and it comes very tight with all the guidelines once applied it to the production.