tag:blogger.com,1999:blog-3260219884636127878.post7776151241044710761..comments2023-05-29T06:58:48.517-05:00Comments on Willow Tree Trading: Tuesday, 2/14/12 updateApple Alhttp://www.blogger.com/profile/17204586750882418134noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3260219884636127878.post-60152608961055875782012-02-14T17:27:06.456-06:002012-02-14T17:27:06.456-06:00Hi Apple Al,
I decided to post this in your lates...Hi Apple Al,<br /><br />I decided to post this in your latest post. Sorry for posting twice.<br /><br />I thought I would mosey on over to your site so that<br /> I can get another lesson in humility. I know virtually nothing on EW <br />but it calls to me, so here I am<br /><br />First, what is ES? E-mini SnP? Futures? Thanks.<br /><br />2nd, EW is way more complicated than I thought. I do not want to try and catch every single move. Just the big ones.<br /><br />I think I understand the following:<br /><br />Major wave: Currently wave 3. <br />Within wave 3 we are most likely in wave 5 (wave 5 of 3)<br /><br />It looks like <br />your chart shows wave 1 started at end of November. OK. I can accept <br />that because from October low, there is the decline in December which <br />could not be wave 4 since wave 3 would then have become the shortest <br />wave.<br /><br />Now, how do you know when wave 3 has ended and wave 4 has <br />started? From the charts, you feel that we will go higher in wave 3 <br />before beginning wave 4<br /><br />How do you know this?<br /><br />One last thing (it is a big thing):<br /><br />What do you mean with statement below:<br /><br />"if the ES/SPX is on the verge of a correction of Minor degree it will be much more shallow and short lived than an Intermediate degree<br />sell off.<br /><br />What is shallow? 1280-1300?<br /><br />Minor wave 4 (01/26 to 01/30, 33 pts)<br />Minor Wave 2 (12/07 to 12/19, 65 pts)<br /><br /><br />Please be patient with me. I do learn extremely fast as long as I have time to study<br /><br />Conclusion: SPX should go to 1368 in wave 3 before beginning wave 4. Can you predict where wave 4 will end?<br /><br />Thanks,<br />Aaron<br /><br />P.S.<br /> If history is any guide than we should see a correction of ~5-7% during<br /> wave 4 before seeing wave 5 begin. Does wave 5 by rule have to exceed <br />the wave 3 high?<br /><br />Also, could you look into labeling the x and y axis on your chart?Stemskinoreply@blogger.com