TA- Advanced GET Message Board

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Strategies & Market Trends : TA- Advanced GET

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To: Matt Bowen who wrote (216)	1/16/1997 11:40:00 PM
From: Gary Burton	of 1551

Matt-hello again--maybe you might now be in a better position to convince TT to modify the software program to handle---1)Log charts,---2)stop relabling downtrends when the first 5w impulse is taken out by a new low (this was only the A wave of an abc from the top!-this is a big flaw imo---3) in major declines (say down 70%) it is far more likely that an abc has formed than simply one giant impulse wave (as above)-GET should think in terms of labeling abc-x-abc as this type of formation happens quite frequently--the point being that the stock has likely hit bottom when GET is currently labeling only a W3---this would have caught most of the semi equipment stocks like LRCX before they took off.------I know your disdain for elliotticians etc but GET would have correctly caught the bottom of a number of deeply depressed stocks that subsequently took off upside had GET had the right count structure--it would appear to me that the current program is so used to always looking for 5 wave system that it can't handle situations--of which there are many- where the the bottom is really in at what GET thinks is W3 because it really was aan abc-x-abc all the time. Regards and good luck in your new job with TT

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