Buy a Trial Subscription and get ALL NEoWave Trading and Forecasting services for 2 weeks for only $39.
This will instantly give you access to the SEARCH function for our extensive Questions & Answers Library.
Question of the Week: 5/2/2007
In MEW you say the thurst out of a Running, Contracting Triangle can be up to 261.8% of the largest leg of the Triangle. Is this a strict rule or just a guideline?
Answer:
This question was sent in by Ahmad Pesnani (location unknown); it addresses on of the few sections of MEW that I feel needs revision.
It has been nearly 20 years since I wrote MEW. The additional years of experience since indicate a 261.8% thrust can ONLY occur after a non-Limiting Triangle, not a b-wave or 4th wave Triangle. You should limit thrusts out of b-wave and 4th wave Triangles to a maximum near 161.8% of the largest wave of the Triangle.
The above statements should be considered important "must follow" rules, not just guidelines.
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.