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Replies to #9152 on S WAVE CHARTS

snootmagruder

09/06/16 7:24 PM

#9153 RE: keepsinvesting #9152

The only ratio I find consistent enough to even look at is the 1.618 third wave (compared to the 1st) S wave or rather my personal opinion of market waves are that they are a complex combination of double zig zags. E wave recognizes and defines a zig zag, however considers them to be rare. I find wave pattern counting to be insufficient by itself and indicators, forks, channels etc. need to be included and may even be more useful.