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Strategies & Market Trends : TA- Advanced GET

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To: Gary Burton who wrote (411)	4/22/1997 10:13:00 AM
From: Peter Greco	of 1551

Gary- I looked at MADGF and see that it is in a wave 5 down on both the daily and weekly charts. XTL has been solidly red for some time and the MOB is slightly below yesterday's closing price. It seems to me that you are stepping in front of a freight train unless you have found that the MOB is a good way of pinpointing a wave 5 low. If you went long would you place a stop below the MOB?

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