Thanks a gain for the relply..
Seems we agree on the basic premiss of Fib and waves
I can see where your coming from with Delta helping with waves, if ones Elliott is still in a learning phase.
Once one gets to grips with EW, thats when one realises how Delta is really just EW.
Its the Elliott wave pattern determines where a "delta point" can come in, not the otherway round. Again this must open peoples eyes to what Delta really is. How else can one explain when a so called "Delta point" comes early or late??
When people start out with delta, they try and fit the EW to the Delta points, When in fact its the otherway round. Its only when people are comfortable with EW after lots of practice of doing those complex counts ect, that they finally see what Delta is.
Speaking of counts, did people note on the SPX that we got the final move down on Tuesday of the lesser 5th wave to complete a wave III or A as mentioned in my earlier post.
Time wise we had 21,34,55,89,233 ect from verious wave points based on calendar days...
That would make the 4th low in a row on the SPX which means an extended wave, so we now get a move up into a wave IV or B, Before heading lower again in either the V or C.
In delta speak, that 4 intermediate(ITD) lows so a Medium (MTD) low had to come in. So we need a move up to the Next MTD.
The question is do we really need delta/matrix if people have a grasp of EW...
I agree with Both of you that EW and Fibo principles are both essential for the market traders. Without understanding both clearly, you can miss in the market trading easily.
However, both Delta and Matrix concepts also use the EW and Fibo to fine tune the time and price as well. My opinion is that if someone can study more details on the related topics, he can enhance his knowledge since the related topics can go to the same ends with different explainations. This does not mean that I cheer anyone to go for paying extra prices on Delta and Matrix. But, if one can find the cheap price of both ,it is worth for him to go for.
Besides, it will be very useful if Delta and Matrix traders can share some knowledges on both concepts for any interested parties to further study. I do not think that sharing the price target of this and that is useful. Only sharing knowledge, which is useful, is to be able to use such knowledge for creating trading system for own uses.