tag:blogger.com,1999:blog-6295816220567143055.post1434091364862644725..comments2023-10-19T03:15:44.159-07:00Comments on ***EW trends and charts, LLC********: Tuesday updatesMichael Eckerthttp://www.blogger.com/profile/04375800887149740795noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6295816220567143055.post-35059296880067847362010-03-30T21:01:49.356-07:002010-03-30T21:01:49.356-07:00What a great point about the predictive power of E...What a great point about the predictive power of EW. I feel it comes to light most obviously when trying to plot a corrective wave. You can see it just watching the blogs. Right after a significant turn, lots of counts come out. Many turn out to be wrong, and as the correction drags on confusion sets in as to what was a second wave versus a b wave versus an x. I like to think of it in terms of pluripotentiality - the ability of the wave to morph into many different patterns. Impulses have a more straightforward pattern, but corrections are another story.Blankfiendhttps://www.blogger.com/profile/00776266729333856098noreply@blogger.com