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Strategies & Market Trends : TA- Advanced GET

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To: Peter Greco who wrote (409)	4/20/1997 1:46:00 AM
From: Gary Burton	of 1551

Peter- I must confess to breaking the rules. I often buy at or near bottoms when the xtl is still red and it hasn't broken thru the autochannel yet. I hone in on my interpretation of the wave counts and subcounts. keeping an eye on the Osc divergences. I just bought INFR for example on last Thursday at 4.75 because my count says we're done. Of course it doesn't hurt to know that INFR has 3.50 in cash on its bs, no debt and made a profit in the most recent quarter and down from 25. But the GET chart is of course still showing red and in a downtrend. ----I ONLY buy when it's at the MOB support though--I use that one a lot. I don't pay much heed to the autochannel on deeply depressed issues, partly because it's not log,so in my thick head it's not such a good measure of momentum change in trend. ---ps at the MOB support, aren't many of the charts red?? On deeply depressed issues,by the time they turn blue, it's up 40%! I'll prob take a chabce amd buy a 1/2 position in MADGF below 7 on Mon or Tues before the eps come out Tues after 4. May get my head handed to me though.

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