Replies to post #8902 on S WAVE CHARTS

[jxyzobrien]

Ideally yes
The more touching the trend line the stronger the chart and pattern.

Again the test of any chart is does it give the path and encapsulate
price and show reversion to the mean. I have saved and looked at
thousands of charts. There are a limited number of patterns.
The median line must be touched multi times or the chart is off.
Price can leave channel too. So charts can be drawn differently
and still be correct. But the chart does change.

Many of the EW experts get the projections wrong because they make
assumptions. Like after waves 5 you always get an abc in the other
direction. This is wrong, I count on the 5 min chart only because
i can see it. I have to use the other time frames to confirm.

The 5 min counts in 5 waves or abc and that is it.

Here is smurfs chart. Mine is a tad different but this chart is great
because like you say multiple touche of TL and CL confirms its accuracy.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100400208