Charts 2-11-09

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if im wrong the current deadly down is 806.00!!!

What is a 'deadly down' as above?

the 'deadly' refers to the 15 min chart, not the one min chart shown above!

What is a 'deadly'?

The 15m projection smithgar

Can you please explain the 7 wave trend killer to me? I could not find anything regarding it in Kool's Tools. I am familiar with Fibs and Elliott wave. Thank you.

quote:

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Originally posted by smithgar

Can you please explain the 7 wave trend killer to me? I could not find anything regarding it in Kool's Tools. I am familiar with Fibs and Elliott wave. Thank you.

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As most know ,i spent years trying to master Elliot waves with little success actually being able to trade them. there are simply too many interpetations possible for them to be effective as a trading tool. in my studies ,i noticed long ago that many moves seemed to terminate after 7 waves not 5! Recently i have been pointing them out to friends to show how often this occurs and how useful they are to expect trend changes.