Matritech (NASDAQ - NMPS) Message Board

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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: Patrick Tang who wrote (46)	6/4/1996 3:14:00 AM
From: Tim Zhu	of 849

Hi, Patrick, What you said about "Elliott Wave" is the math model using the factor of 0.618 or 1.618? If yes, I knew it long time ago. I just didn't know that the thoery is called "Elliott Wave". According to this theory and the difference between $5 and $18, (which is $13), the critical point should be $5 + $13 * 0.618= $13.034 or $18 - $13 * 0.618 = $9.97 ($10). If the stock can be supported at $13, It should be the up train stock. The next high will be $13 + ($18 - $13) * 1.618 = $21. That's my near term (in a few weeks) target price. $31 - $44 is its longer term target at least one month later. Since it take 5 month to $18 from $5 , $31-$44 can not happen in couple days. Also, the NMPS chart was not in zig-zag shape but in ladder step shape. Relation among the heighs of each step can be applied by the "0.618" theory too. But I think that this theory is not necessarily applicable when Big news is involved. And, NMPS might experience the Big News soon. It might boom up to $24 and then stable at around $22 ---- the next level! ( unless it change to zig-zag style). Anyway, I just wonder if the theory that I discribe is the so-called "Elliot Wave" or not. I will appreciate your answer even a simple "yes" or "no" Best Regard.

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