Wolfe

[waveslider]

here's one, it appears ok on the nasdaq also, but I like it better in ER2

[bertg]

	Quote:	waveslider
	Hi Bert, 2. point 1 is within the range, usually around the 50% level.

waveslider,

Thank you very much for your answers.

By the above quote, do you mean:
50% area of the range itself
or
50% from the previous swing low to what is now point 2 (2 being the high, assuming we are looking at a bullosh WW)?

Thank you,
Bert

[OAC]

	Quote:	bertg
	OK, waveslider, I just finished this thread. Thanks again for starting it. I really enjoyed it and will be looking for WWs and hopefully finding some. Bert

Ahah ! I didn't realize it but you are the same guy who was spreading the crash rumors on the other thread. Yesterday's price action prior to the "2 pm crash" that you were addressing was a "three Little Indian" formation. Have you read Linda Rasche's book on this pattern ?

[forsearch]

	Quote:	OAC
	Ahah ! I didn't realize it but you are the same guy who was spreading the crash rumors on the other thread. Yesterday's price action prior to the "2 pm crash" that you were addressing was a "three Little Indian" formation. Have you read Linda Rasche's book on this pattern ?

Since we're all about training and knowledge here, how about disabusing our fellow trader of the notation that yesterday's retracement was "a crash".

Words do matter. This was not a crash.

-fs

[bertg]

	Quote:	OAC
	Ahah ! I didn't realize it but you are the same guy who was spreading the crash rumors on the other thread. Yesterday's price action prior to the "2 pm crash" that you were addressing was a "three Little Indian" formation. Have you read Linda Rasche's book on this pattern ?

no problem.

In any case, no I haven't. I've heard of it, "Streesmarts," I think it's called.

[bertg]

ok, I drew this last night. It was way too late and I didn't have the screen capture program installed.

Today target was almost hit. It's a 15-min $INDU chart.

what do you guys think? was point 5 way too high above the 1-3 line? In Wolfe's website he has a chart where point 5 is quite a bit higher than the 1-3 line.

Cheers,
Bert

[thrunner]

	Quote:	OAC
	u were addressing was a "three Little Indian" formation. Have you read Linda Rasche's book on this pattern ?

http://dummyspots.com/2007/05/three-...s-and-a-wolfe/

[OAC]

Additional Example of Three Little Indians:

[Tasuki]

OAC, please explain for us what you mean by "converge". Thanks, Taz

[OAC]

	Quote:	Tasuki
	OAC, please explain for us what you mean by "converge". Thanks, Taz

If you extend line 2-4 and 1-3 into the future, they will intersect.
Sorry for the confusion, but it is right out of Bill Wolfe's book. Think of it as two drunken sailors running into each other.