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Something that I like about DT is that Dynamic Traders make thier own 
Decisions

Is Elliott's Wave Principle the most objective description of the position of a market related to pattern?
Yes

Will EW always provide a confident description of the market position?
No

Will EW almost always provide a description of the market position that will tell us with confidence if the market is in a trend or countertrend and the degree of the trend or countertrend?
Yes

Is EW a catalouge of defined chart patterns?
Yes. When reconginzed by the analyst these patterns should imply the most probable direction of the market if the analyst has correctly identified the current pattern.

If the activity of all the markets could be easily identified at all times with EW then trading would be _____
Easy

Markets only exhibit a useful EW pattern about __% of the time.
50%

If we are able to identify a confident EW count of the market position, that particular count will also provide us with the market activity that will invalidate the wave count (T/F)?
True  this is extremely critical.

Generally, we will only be looking at three degrees of trend; minor, intermediate and major (T/F)?
True

Do you need three degrees of trend to make a trading decision?
No, but the more the better. Ideally the market structure will reveal three degrees. This is not always the case. Do not try to force an EW count on a market when nore clearly exist.

What is the proper labeling technique?
When noting more than one wave together, begin with the smallest wave and work up to the largest. 5:3:(1) is the end of minor degree wave 5 of intermediate degree wave 3 of major degree wave 1.

Implusive waves unfold into how many waves?
5

Waves 1,3 and 5 within a five wave pattern are themselves impluse waves of lesser degree and should each subdivide into a five wave pattern (T/F)?
True

Once a five wave pattern is complete, what can we expect?
The five wave pattern should be corrected by a pattern of either three waves (ABC) or one of a series of threes and fives waves known as a complex pattern.

One of the implusive waves will usually extend in price than the other two implusice waves. In the financial markets this is usually wave__? In the commodities market this is usually wave __?
 Financial  wave 3
 Commodity  wave 5

Are the two nonextended implusive waves frequently close to equality of price range?
Yes

Are waves A and C often 5 wave structures?
Yes

Can wave 3 be the shortest implusive wave?
No

Can wave 4 trade within the price range of wave 1?

Trading can be classified as
Applying the knowledge of the greater probabilities of market position derived from the analytical process.

Can knowing what a market probably is not be as valuable as knowing what it probably is?
Yes

What is an early warning sign that a fifth wave failure may unfold?
An usually deep wave four which retraces more than 50% of the price range of waves 13 or approaches the extreme of wave 1 will often result in a fifth wave failure.

What is an important implication of a fifth wave failure?
It has very bearish implications regarding the subsequent correction. The collection will probably be relatively deeper than is typically anticipated following a completed wave five.

What is the importance of recognizing a fifthwavediagonal triangle?
The trading impliction following it.

How do you identify a fifthwavediagonaltriangle?
Difficult. Will not be evident until they are either near completion or after they have completed and the counter trend is underway.
The implusive waves 1, 3 and 5 of the lesser degree may divide into "threes" instead of "fives" which of course can confuse the analyst regarding the count and position of the market.

For a fifth wave diagonal triangle can wave 4 trade into wave 1?
Yes, this is the only exception to the nonoverlap rule.

Fifth wave diagonal triangles are infrequent. Do they usually occur at market tops or market bottoms?
market bottoms

What can fifth wave diagonal triangles be confued with? Consequently why should you not try to identify and trade a fifth wave diagonal triangle in advance?
An extended comlex correction often has about the same form and structure as a fifthwavediagonaltriangle. While you may consider the possibility that a maket is in a fifthwavediagonaltriangle, always view the position of the markets as if it is in a complex correction and will eventually resume the trend until proven otherwise.

If we are not going to trade in advance a fifthwavediagonaltriangle, why is it important to be aware of its structure?
The ramifications are that the market should have an unusually strong correction following the completion of the diagonal fifth wave. A sure sign that the market has completed a fifthwavediagonal is if the marlet has exceeded what could be labeled as the wave two of five extreme. At this point the trader should have no more illusions that the market is in a prolonged complexcorrection and that the larger degree impluse trend has completed.

What is the first indication that a wave three has begun?
Once a market exceeds the 100% APP, we have a strong indication that a five wave sequence is underway.

What can we assume if a market has completed wave three of a five wave sequence, yet wave three is less in price than wave one?
Wave five must be less in price than wave three which is the shorter wave of waves one and three. We have a definite maximum price objective for wave five which is 100% of the price range wave three, the shortest impulse wave to date.

How can we use the smaller degree patterns to our advantage?
By enabling us to enter positions with close initial stops.

Are most reliable price patterns made from more than one degree?
Yes

How do we achieve the highest probability price projections?
From projections from one larger and one smaller degree.

Wave one should subdivide into how many waves?
5

Wave one is usually greater in price and time than____?
The recent corrective swing of similar degree.

Wave one will be frequently be similar in price and time to___?
The prior corrective wave or waves, as the convection of the majority of traders has not changed.
This is slightly different from the slide above.

What is the most important indication that a wave one may be forming?
If the prior trend appears to have completed a larger degree corrective structure and the suspected wave one subdivides in a five sequence of lessor degree. Corrective waves are usually three wave structures such as an ABC, so if the current wave is a five wave sequence it should not be a corrective wave but a new impulse wave.

What does an overbalance of price and/or time tell us?
It is an intial signal that a market has made a reversal of greater degree than prior counter trends.

What is an indication that a market may be in the initial stages of a new impulsive sequence?
If a market makes a five wave sequence that overbalances in price and time to prior corrections, it is a strong indication that the trend change is larger in degree than prior countertrends.

How do we make price projections for wave one?
Difficult  wave one is the initial swing in a new impulsive sequence, there are few swings to compare to in order to make price projections. Ideally, the lesser degree five wave sequence within the larger degree wave one will be evident, which will allow price projections from these minor swings.

What is the minimum price projection for wave three?
100% APP of wave one.

Normally, what are the projections for wave three?
162% and 262% of wave one. In fact, wave three will often terminate very near these projections.

Wave three is frequently related to wave two by what ratios?
162%, 200% and 262%.

Why are wave threes usually the longest and strongest waves?
Wave three usually travels at a greater rate of change than waves one or five. In other words, the slope of wave three is usually more steep than wave one. The rate of change of wave three usually increases once the extreme of wave one is exceeded. This is the point where the larger numbers of traders become convienced that the trend has actually changed and begin to enter en mass or exit a bear market in a panic liquidation.

Where in the market structure do you find the widest range days and often gap moves?
The third of the third wave. Because wave three of three is frequently a powerful move, traders ideally want to be positioned befroe wave three is underway. Because all of the DT analysis techniques of time and proce are leading indicator that are calculated in advance, this is not just a pipe dream but will frequently be a reality.

What is one trading technique for establishing a position for a wave three if not taken at the end of wave two?
Buy on the breakout from the extreme of wave one.

What is the usual relationship between the two nonextended impulse waves of a five wave sequence?
They are near equality in price range.

If wave three is extended, what price range can we expect with wave five?
Wave five will be near equality to wave one. If not, it will probably complete near either 62% or 162% of wave one.

Is the relationship of wave five towave three as consistant as it is to either wave one or waves onethree?
No

If wave three is extended, what usually is the price relationship to wave 13?
38% or 62%

What is the price relationship between wave five and four?
What price range is the most frequent?
127%, 162%, 200% or 262%
162% is the most frequent

Wave fives rarely exceed what retracement of wave two?
424%

Will wave fives have a lesser rate of change than wave three even though higher high are being made?
Yes. The slope of wave five is usually less than that of wave three.

What is the key to the most accurate proce projections?
When the waves of one lesser degree project price targets that are at or near the same proce targets as the larger degree projections.

What is one of the lowest risk/highest profit potential trades that pattern analysis can alert us to?
the end of wave five.

Why do people deny the practicality of EW analysis?
EW describes eight different potential patterns with variations for corrective waves. Identification and labeling of corrective waves is what has not only brought so much confusion to EW analysis.

Can you predict a market if the corrective pattern will not be an ABC correction?
No. All labeling of the correction beyond a simple ABC pattern is little more than guess work. The form of the complex correction usually only becomes evident after the correction has completed.

Is there pratical trading value in knowing all of the complex corrective variations?
No.

For an ABC correction what two structure forms are possible?
Either a 535 or a 335. That is, the A wave may be either three or five waves, the B wave should be always be three waves and the C wave should always be 5 waves.

ABC corrections may take many shapes but the four most common are?
 zigzag
 irregular
 flat
 running

Where do corrections tend to terminate near?
 The fourth wave of one higher degree.
 (?? see 331, not sure)

Describe a Zigzag correction.
 Wave C exeeds wave A.
 Wave A is either 3 of 5 waves. B is 3 waves. C is 5 waves.

Describe a flat correction.
 Wave B test the extreme of wave five.
 Wave C test the extreme of wave A.

Describe an irregular correction.
 Wave B exceeds the extreme of wave five.
 Wave C exceeds the extreme of wave A.

Describe a running correction.
 Wave B exceeds the extreme of wave five.
 Wave C retraces wave B and does not exceed the extreme of wave A.

What consideration are there with a running corrections?
They appear to be the continuation of the trend rather than a correction to a five wave sequence. For pratical purposes, it is considered a correction because it is the interim pattern between the completion of a five wave sequence and the beginning of the next five wave sequence.

An ABC (535) zigzag corrective pattern will have the same structure as waves 13 of a five wave impulse pattern. How can we tell the difference?
Unless we know the larger market position, then only the pattern of the market as it unfolds will reveal whether a correction or impulse pattern is underway.

Are five wave patterns more symmetrical in form and predictable inn price than corrective patterns?
Yes

What is one of the most important of EW pattern that the analysis must keep in mind?
If the market is in a trend or countertrend position and what is the relative degree of that trend or countertrend.

What can we expect from a correction after the completion of a five wave correction?
The correction will usually be greater in price and time range than the correction within the preceding five wave sequence.

An A wave can be either a five wave or three wave sequence. If an initial three wave sequence unfolds, the question arises whether that three wave sequence is the completed ABC correction or just the completion of the A wave of a larger degree ABC. What can we look at to help analysis this situation?
If the initial ABC sequence is less in price or time range than both of the waves 2 and 4 of lesser degree, it is most likely a threewave, wave A of the correction.

What is the significant of a five wave sequence correction?
We have a strong indication that the correction has terminated. B waves should be a three wave correction.

Describe the Principle of Alternation
If wave two is an ABC correction, wave four will probably be a complex correction and vise versus.

