Wave 1orA WPT on YM

[Steve Griffiths]

Hi Everybody,

As per the Trading course, here a classic example of when to use the Wave 1orA WPT. As you can see, this WPT has stopped the "initial rally" off the prior Wave 5 low perfectly :)

lets see what happens from here.........

Steve

[Steve Griffiths]

WOW,

Well, I did not anticipate such a strong decline woudl unfold .............. As you can see, the Wave 1orA WPT turened out to be the high of the day !!

The $TRIN started to rise as this deline gathered pace, which, as you can see, unfolded as a 5-wave sequence.

Steve

[Eddo]

Perfect Steve, I managed to get on board at the top of the 2nd swing and had a lovely ride down to the bottom - :) ............ oh but everyday was like that !

[Eddo]

Hi All

Any thoughts as to the SPX reversing again at this Wpt1 or A up ? :)

[Steve Griffiths]

Not today.......... as the main trend looks to have reversed off the daily Dow Jones Wave C low, as outlined in todays report :)

Steve