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Friends and Traders Discussion Forum

change of opinion *PIC*
By:charleydan
Date: Sunday, 17 August 2008, 2:28 pm

The basis of time theory was right, my program is wrong. That is to figure time you have to have software that will project accurately into the future. Most software does not. So the principles of doing it was right the time was off because of the software. I will try to get back and hand calculate it out. I put my Dynamic Trader software to rest a couple of years back, which would have done the scenario in minutes.

What to expect. The -xy- pattern I believe should be changed to an -ab- and -c- in progress. A -c- wave down and that will comple wave -b-. Look at the chart for pattern. It is going to take longer then originally thought to finish the pattern.

So the fifth wave of this -c- wave is in progress and has gone far enough that it could end in failure here or go the distance which is the trendline above @ about 1307 area.

Then the -c- wave would be up and that could go as low as the lower black line, even tho that is an extreme that does not happen often. The -1-2- formation should give an idea of where it will end.

Make sure to look at the new labels.