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Strategies & Market Trends : TA- Advanced GET

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To: Allan Harris who wrote (1511)2/6/2000 8:32:00 PM
From: Peter Greco   of 1551
 
On the daily chart AMGN has a completed wave 4 with a PTI of 40 and has crossed above the trend channel off of wave 3. The wave 4 low came in at an ellipse off the 1/4 low and at a 50% retracement of the rally from 12/9. Target is between 90 and 110. Very good risk reward as the stop would be below the wave 4 low of 59-1/8 and the current price is 64-5/8. XTL has been blue for some time.
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