It seems there are several sites promoting their form of A.I. (usually at a steep price). A couple of these that I have looked at both seem to be Harmonic based on the M and W chart pattern. One site uses bubbles at the second point of M resistance as an entry point and then extrapolates where the stock is headed (usually back to the mean where another bubble is placed, or maybe 1 SD if it keeps moving. Then they use a bubble entry at the second point of resistance on the familiar W pattern with another bubble at the expected mean. They are calling this A.I.
Another site has developed an indicator that paints the M and/or the W at the point where the second reversal line would start and use that as their entry point. This is a very visual and likeable concept which only paints when the second point of support (W) or second point of Resistance (M) is achieved before the final leg is in place. Exit points on this also appears as a return to the mean and/or 1SD beyond.
I personally use an ABCD or Wolf Wave to find these M & W patterns. Do we have any indicators already in place that accomplishes what they are presenting as A.I?
Maybe one of our more illustrious indicator developers could come up with one of these. I particularly like when it paints a developing M or W pattern?
Another site has developed an indicator that paints the M and/or the W at the point where the second reversal line would start and use that as their entry point. This is a very visual and likeable concept which only paints when the second point of support (W) or second point of Resistance (M) is achieved before the final leg is in place. Exit points on this also appears as a return to the mean and/or 1SD beyond.
I personally use an ABCD or Wolf Wave to find these M & W patterns. Do we have any indicators already in place that accomplishes what they are presenting as A.I?
Maybe one of our more illustrious indicator developers could come up with one of these. I particularly like when it paints a developing M or W pattern?
