covered at 2002
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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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If you figure out the nonlinear nature of the waves that occur in the markets, you will come to realize in your testing that you will be given two chance to sell the high or buy the low. If you are wrong on the first, you will have 85-90% odds of catching it on the second signal. This took six years to figure out.
Quote from wave:
If you figure out the nonlinear nature of the waves that occur in the markets, you will come to realize in your testing that you will be given two chance to sell the high or buy the low. If you are wrong on the first, you will have 85-90% odds of catching it on the second signal. This took six years to figure out.
so if we are somewhat on the same page, then some examples are back on 5/8/08 the 1st chance to buy low was 1389.25, then the second and real low was 1883.75.
then on 5/16/08 the 1st chance to sell high was 1427.75, the 2nd chance and real high was1441.00
and NOW on 5/21/08 the 1st low to buy was 1388.00, and 5/23/08 the 2nd chance and REAL low was 1374.25.
and now here we rocket up until we get our 1st high to sell again, were most think IT IS THE ONE, then we get a 2nd which is THE ONE, price target back to 1441.00 for me for long term uptrend to continue...i will keep everyone updated on my 1st and second, when i get it, I AM LONG...
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