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Strategies & Market Trends : TA- Advanced GET

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To: Bruce A. Bowman who wrote (1004)	4/16/1998 8:32:00 PM
From: Gary Burton	of 1551

Hi Bruce----re Type 2,, one of the problems may be that often declines from the top --particularly the deep ones--turn out to be a-b-c's rather than 12345. The true EW sequence is often a double zz which GET erroneously decides must complete in a 5w sequence ( as in 'gee everything must a 5w'). So, the buy point is sometimes the bottom of what GET calls Wave 3, particularly if there already are a few osc divergences.-----I learned this lesson the hard way a year or so ago when the semi equjips were all in the tank and presto most of them bottomed at what GET at the time said was the bottom of w3. Needless to say the train left the station before i could safely buy. I kept waiting for GET's w4 to play out below the red bands and by then it was too late. ------NB- if a DEEP % decline has already happened, it is likely a 3w abc not a 5w impulse- if -it was a 5w impulse, that would mean that a second 5w C wave would eventually have to follow, which on deep % drops of financially healthy companies usually doesn't happen if it has already been murdered say 70% on the first A wave down. Of course an elliott type using log scaling would think it was an abc all along (vbg) --o.k. let's not get started on that again. Cheers.

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