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Strategies & Market Trends : Ted Warren's Investolator

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To: investolator2000 who wrote (1141)11/6/2022 10:34:14 AM
From: robert b furman2 Recommendations

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investolator2000
WEagle

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Hi I2000,
There are some Elliott Wave reads out there that suggest we may be in the first up wave of the three of five.

These waves are the things of great power and have a money flow that moves all stocks - in particular especially those in the tertiary category (low priced and small caps).

One never really knows, but if it develops to be such, be advised that they will run fast and at a high percentage relative to past waves.

In 1987 we had a long run that that started in October of 86 and ran hard into August of 87. It turned out to be a C wave and not a three wave. I missed selling that top and got a rude lesson on having margin that led to margin calls. It took all my spare reserve cash and a loan to pay off.

I studied that move and vowed to never make that mistake again.

The market collapsed the following Monday with Joe Glanville telling all his followers to sell everything that Friday before.

Joe utilized On Balance Volume studies and also employed Don Wolanchuk to study the 30 Dow stocks with his CLX studies - all of which I had never heard of.

One note of I did find was on the Friday before the 87 crash, the only stocks hitting new highs were all below $10.00. Goes to show that watching new highs and new lows is always a good practice.

Some 10 years later I found Don here at SI.

I've tried to learn EW since and admittedly must note that it is a lifetime kind of study that gives us clues intermittently and NEVER always.

Breeze on Don's technology thread is a genius and does the best charting a person can follow.

I known Breeze for over 10 years. He and Don are two sources of people who have committed to a lifetime study of the markets.

Ted Warren was my first great influence on investing (NOT SPECULATING) . I met Ted in Flint Michigan while attending College in 1971 to 1976.

There are many approaches to supplement to Ted's simple and common sense approach.

Just know that back when Ted was alive, he first off diversified. His newsletters had dozens of low priced stock - some of which didn't make it, and became delisted. Others got him his 400 to 600 percent and more.

The study of Elliott Wave is a lifelong endeavor - well worthy of study and reading about. I recommend CLX studies to those who want to add a new timing tool. For me the best and easiest way was to joing th Crystal Ball Forum. It is here that the discipline of CLX (Climax studies) is mastered.

CLX studies are the best timing tool I have found and highly recommend it be added to all investors tool box. The timing of buying and selling stocks is a worthy subject to master.

I mention this with the hope that our Ted Warren type of stocks MAY be having their time in the sun, if this one of three of five come to be true.

Let's hope so and if it does occur watch your percent advances from the long term lows.

Bob
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