[Summerset]

INTRODUCING WSI - A NEW TENET IN WAVE THEORY:-

*"By doing away with EW labeling, the market trades only in flats (Dow lines), before breaking out into extended waves targeting a measured pitch of Phi & its multiples."

This is a new tenet to Elliot wave theory that I plan to advance before the coming IFTA conference in November 2008.

I have been working on a wave segregation system for the past 6 month, to prove the above hypothesis valid.

It also resulted in a custom designed index indicator with its own signal line, that segregates such extended motives from flats.

A track record for this indicator (The Wave Segregation Index), is being run for the coming year till November '08 on Collective 2. To keep track of it click here:-

http://www.collective2.com/cgi-perl/...temid=29213458

This track record will prove the WSI indicator an indispensable tool to Elliot wave segregation, that is based on momentum, instead of traditional form & ratio, as advanced by the late Mr. Elliot - GOD rest his soul.

To encourage traders use the index, calls made on C2 using the index will be made here too. However, follow up on the position status, will not be made, as such can be easily verified from the collective 2 site, once the calls are closed at profit or loss.

An equity curve however will be posted on a weekly basis, as run by C2, – in their capacity as an independent auditor, with the purpose, of validating the above tenet, and establishing as wide as possible use of the indicator, for future multiple commercial applications.

I hope the application will revolutionize the way Waves are traded.

Profitable Trading as Always.