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Politics : Ask Michael Burke
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To: Gary Burton who wrote (323)8/6/1996 4:41:00 PM
From: Gary Burton   of 132070
 
Some more math--- 1)Wave 4's (the last retracement wave in the 5 wave sequence) retrace between 25%-75% of the immediately previous Wave 3 down. About 15% of them stop below 30% while about 60% flame out in the 30-50% retrace range and another 15% extend into the 50-62% area. So far, many of the techs are following quite normal patterns--- CRUS has retr 29%,IDTI 33%, VLSI 56%, AMAT 30%, KLAC 24%, SV GI 31%, MU 35%, LSI 35%, ISSI 36%-----incl today's trading. The most common area on avg is approx 35-40% Suggesting we're about due to cap the rally .
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