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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: Chip McVickar who wrote (639)3/24/2000 2:18:00 PM
From: John Pitera  Read Replies (1) of 2850
 
Chip, a B wave would retrace 50% or .618 of the recent A wave down.

the A wave went from the high of 75.375 on 3-7-00
to the low of 20.125 on 3-21-00.

so that was a 55.25 move.

a 50% retracement would go to 47.75

a 61.8% retracement of the decline would
take GENE up to 54.26

if this rally occurs it will take several days to several weeks to transpire.
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