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Strategies & Market Trends : TA- Advanced GET

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To: Allan Harris who wrote (1511)	2/6/2000 7:08:00 PM
From: Peter Greco	Read Replies (1) of 1551

The daily chart on AMGN shows a completed wave 4 with a PTI of 40. Price has broken above regression channel. The wave 4 low came in at the ellipse off the 1/4 low(of course I still don't know for sure which low point if any to consistently use for an ellipse)and at a 50% retracement of the rally from 12/9. Target is between 90 and 110. The risk reward is high as you would put a stop below the wave 4 low of 59-1/8. Current price is 64-5/8. Pete Greco

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