Question of the Week: 10/10/2005

Should Daily charts verify Weekly structure or should Weekly structure guide Daily analysis?

Answer:

In nearly all cases, Weekly structure should be clear before you attempt to label and forecast Daily price action. If Daily structure is extremely clear and behaving as expected, continue to trust Daily structure until conditions change, but do not use Daily structure to direct the design of Weekly wave formations - Weekly wave structure should guide the development of Daily wave counts.

Click here to view NEoWave's Question Of The Week archive

Need a Private Consultation?

At specific times each week, Glenn Neely is available to answer questions, provide guidance, and offer individualized advice. This is an opportunity to speak directly with Mr. Neely to address your unique situation, advance your understanding of markets, and hone your trading and forecasting skills.

Cost is $20/minute, with a 10-minute minimum ($200 minimum charge).
Your credit card will be charged after the call.

To schedule a consultation, please click on the "Request a Consultation" button below and fill out the Contact form. Our Sales Manager, Magelan Ferreira, will respond to your request to arrange a consult with Mr. Neely.

REQUEST A CONSULTATION

QUESTION OF THE WEEK

Should Daily charts verify Weekly structure or should Weekly structure guide Daily analysis?

Answer:

Need a Private Consultation?