Tuesday, May 1, 2012

Copycat Wolfe Wave analysis.

Copycat Wolfe Wave analysis. I get them in the mail every day. 
Programmers, system writers and "shocking headlines." They all take credit for the same thing: Their interpretation of the Wolfe Wave.

I saw a headline last week: "Wolfe Wave predicts the fall of Spain." Believe me! This was not my analysis.

More:
Recently I received a call from a trader that was dissatisfied with my software. I informed the caller that I don't sell software, never did and have nothing to do with any sellers using my name. "Oh shoot" was his response. "You mean that I bought this thinking it was you and it wasn't"? Yes I said, I had nothing to do with it.

Another I received this week was an email selling a "Wolfe Wave Forex mechanical."  Mechanical? The software does not even know how to determine the proper time frame.

Wolfe Wave students who I have taught know: how to determine the proper time frame, how to determine the proper wave structure, how to determine the proper risk/reward, and more.

The emails get worse, but I'll save them for a coming blog on "Strange but true."