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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (1800)6/30/1997 2:23:00 AM
From: Bill Sandusky   of 3325
 
Brook,

Better clarify one point in your post. MLIN was a SHORT trade on 6/5 and has now achieved my target price (previous wave4 low of 10.375). I would be somewhat hesitant to take a new short position at this point. It could move further to downside but risk is much higher now. Advanced GET still calling for wave5 target of 8.92 and an extended wave5 target of 6.65. The divergence noted referenced the Ultimate Oscillator versus price. Hope I'll be able to clarify all this in Jersey.

Bill
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