Hi Tom, just 2 questions

[spike1]

Hi Tom

Question 1

When you make mention of no failed fifths, do you mean no failed fifths with regard to the extreme of 3 or the low of the RTB that has passed the extreme of 3. Below Ive posted a chart which I hope describes what I have said here a little better. I guess what Im trying to ask is, can the RTB be the low of the wave.


  FAILED 5.jpg (Size: 10.26 KB / Downloads: 88)


And then question 2.

Your rule states that in every c wave and every 5th wave there will be a 4th wave with a B wave that sets new price territory. The only way I can visualize this B wave you are mentioning is by the drawing below. Is it that black B in the 4th wave that you are talking about ??? I sure hope so or its back to the drawing board for me

   

[spike1]

ooops forgot the white A the chart below has it.

   

[ruby]

White A is correct.
Black 5 within white rtb should be black a.
Black A within white rtb should be black b.
Black B is in fact black C of white rtb.
Black C should be white C, or as you posted correctly, white 4.

End of wave 5 is always the wave's extreme.

I reshorted the Dow 5 minutes before the bell - so knowing the rules and applying them correctly are two different things. But then again, it was better than shorting at the bottom this morning :-)

Oops, sorry - I'm not Tom. I hope you don't mind.

[TS Hennessy]

(07-20-2010 12:32 PM)spike1 Wrote:  Hi Tom

Question 1

When you make mention of no failed fifths, do you mean no failed fifths with regard to the extreme of 3 or the low of the RTB that has passed the extreme of 3. Below Ive posted a chart which I hope describes what I have said here a little better. I guess what Im trying to ask is, can the RTB be the low of the wave.

The RTB must at least be matched by wave 5.

Neither the terminal of a 3rd nor of the B of an RTB 4th can ever be the furthest price movement reached of any motive wave.

Quote:And then question 2.

Your rule states that in every c wave and every 5th wave there will be a 4th wave with a B wave that sets new price territory. The only way I can visualize this B wave you are mentioning is by the drawing below. Is it that black B in the 4th wave that you are talking about ??? I sure hope so or its back to the drawing board for me

Your drawing shows the right understanding.

[ruby]

Objection!
The shape is correct, but the wave internals are not. White rtB is a B wave, composed of a-b-c, not a-a-b. Or it's back to the drawing board for everyone here.

[spike1]

Hi guys, thanks for the reply. So this is what I ve got.

The 5th wave will be the extreme or equal to the RTB always.
The previous drawing shows the right understanding however the internal count appears to be wrong. So I think I see where Rudy is comming from. Please feel free to correct and thank you for taking the time here with regards to helping me achieve a better understanding of this rule. Take care

   

[theoryman]

spike,

Until someone else gets back to you I will have to do - note I am not rated as an active member.

Now focus on the black C in the white RTB.

You have for ease of construction I assume, shown it as an exact copy of the black A - it covers those that are reasonably alike as well.

One is an A and the other a C, so they are both fives but the latter contains an RTB 4th.

What possibility does open up for where the yellow 4 ends, compared to the yellow 3, in the black C wave?

IMO it essential that you understand the difference between the roles of the subwaves in a non-RTB 4th and an RTB 4th.

cheers theory

[ruby]

Yes TM, it's a jungle out there, disorder and confusion everywhere, no one seems to care ...

[theoryman]

(07-31-2010 03:11 PM)ruby Wrote:  Yes TM, it's a jungle out there, disorder and confusion everywhere, no one seems to care ...

Read those words and thought, "Hey, I think I know where they are from."

Great song, the lyric does reflect how I think when I'm trading.

My favourite bit in Monk was when he visited a woman and looked in her garage. There was a place for everything and everything was in its place - the look of joy on his face was brilliant.

cheers theory

[ruby]

TM, this thread is not the best place to discuss the issue, but it’s good that you can laugh about yourself. – Well, I think it’s good, based on my own neurotic style of dealing with the one existential vcccccccc (that was my cat) question. If you want to, you can open a new thread in that sunset-section.
Do you know “The Eye of Edna” by E.B. White?