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Re: trader53 post# 4005

Tuesday, 10/09/2012 10:51:05 AM

Tuesday, October 09, 2012 10:51:05 AM

Post# of 244634
T53,

Checked out OEW. Pricey in terms of whats in and not in my wallet.

Question: Please advise study material for the Elliot Wave. I am trying to refrain from buying a 500 page book, 300 pages devoted to Elliot's past. He pondered, he tested, he created and he died! I will buy a t-shirt in his honor.

Understanding the second leg cannot be shorter (dip below) than the first leg or we start over again, how do we calculate percentages and use fib lines, and where does this come into play on our type of stocks. I can see where once you have your calculations, you could short a stock and set your parameters for pulling your trigger and putting stops in it.

Oh, by the way, hope you had a good trip and thanks for BCAP.

Couple of more months of winners and we are putting you on the learning channel!

W1

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