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Strategies & Market Trends : TA- Advanced GET

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To: david kohn who wrote (1398)8/15/1999 11:32:00 AM
From: Lenny Rosow  Read Replies (1) of 1551
 
David - Wave C price projections are as follows:

W.C = (61.8%, 100%, 162%) W.A (EXT)
W.C = (162%, 262%) W.B (RET)
W.C = (38.2%, 50%, 61.8%, 78.6%) W.1-5 (RET)

I would check out the weekly chart on ABF also. It is showing a wave 3 down at this time. So any up move from the daily MOB could just be a wave 4 retracement on the weekly before one more move down. 30 would be my target if there is a bounce/retracement off this MOB. It's showing a nice past support/resistance area - Lenny
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