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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.115+0.2%Nov 21 9:30 AM EST

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To: KHS who wrote (8948)5/18/2000 10:16:00 AM
From: Peace  Read Replies (1) of 9236
 
Could it be that Wave D ended 5/1 at 42 and Wave E bottomed at 31 thus ending the entire correction from the April 99 peak !!!! I was expecting this to take longer than 4 weeks. If this wave count is correct get ready for a serious bull phase which should take us much higher than last year's high.

Message #8641 from Peace at Apr 20, 2000 11:14 AM ET

Back to Aware.

I see a lot of similarity between the charts of AWRE and RMBS (2 yr chart). RMBS peaked at 110 in Jan 99 before starting an expanded flat correction. Wave A got it down to around 50 in April 99, Wave B completed around 115 in August followed by Wave C to a higher low of 60 in Oct. Wave D then completed around 98 (lower high) in early Nov followed by the final Wave E of this correction ending around 65 in December. That was followed by the next bull market that took it all the way to 450 which we are correcting now.

AWRE as we all know peaked at 87 in April 99. If we are in an expanded flat correction (which I strongly suspect) the wave count looks like this. Wave A took us down to 20 ending in October. Wave B then took us back to 67 in early March, Wave C probably ended this week at 24 5/8 (higher low). We are now in Wave D which should set a lower high (below 67) followed by Wave E which should end with a higher low (above 24 5/8). This will complete the entire correction of the previous wave and start a new bull market which will take us to new all time highs.

I dont know how long it would take to complete this pattern. I would guess this will play out over the next couple of months. We will get a better sense of the timing as the waves unfold.

I am still learning wave theory so use your own judgement.
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