redbacka's - reinin' in the buyin' - wednesday, page-41

Hey Chris - I wouldn't give your points much credibility, sorry. Dinapoli has some stupid method similar which doesn't work either, although in his defence he also has some very good methods.

Retraces/extensions are most effective applied to complete troughs and from impulse moves, often the first impulse can define the next 2 to 4 waves as per many fib/elliott techniques.