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Citrati

11/03/21 8:31 AM

#10602 RE: sab63090 #10600

Interesting, you are the second Wycoff learner I have run across. There is a trader on another site I communicate with on occasion that took the course from Bob Evans in the early 60's. I haven't really studied the method deeply but have learned some useful information from him. I pay attention though as he is an accomplished and successful trader.

I will have to check here more often again. Got busy with life, grandchildren etc. Belated welcome to Tom's Board. Looking forward to a posted chart or two from you. :-)



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123tom

11/03/21 7:09 PM

#10605 RE: sab63090 #10600

Good stuff,Sab.
Thanks for posting your analysis.
I think I could learn some things from you. Yes, hand drawn,all those years ago.
Over the years,have you refined your system to the tools and combination you like best? and is there any particular combination that really shines? I have developed the combination of Elliott wave/Fibonacci tools/Bollinger Band/ and the Ichimoku cloud (full) are my standard plot. along with the basic moving averages. These tools are enough for me to make the chart look like a Jackson Pollack painting.lol. We have a few good TA chartists here. Citrati uses some EMA's. to suit his short time frame day trading. My trading is mostly swing patterns.I try to find tops and bottoms.

S+P 500 hits 4663 today.Is it running along your road map ?

S+P 500
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123tom

11/03/21 8:01 PM

#10606 RE: sab63090 #10600

A colorful mess S+P 500

but when I draw with the Fib tools just to see what it looks like, I get this kind of picture ,where all the key points connect with some precision. I will watch the price action to see if this chart becomes a road map to the targets. It might not, but very often These Fib targets get hit.
This chart is based on the current peak at 4663 and IF it caps here and begins the major downwave.
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IF the rally stops at this peak