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Strategies & Market Trends : TA- Advanced GET

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To: Bruce A. Bowman who wrote (626)	9/20/1997 12:13:00 AM
From: Ross	of 1551

To all, Here is a interesting chart: teleport.com I'm trading TERA and find this situation often. This looks, on the surface, like a EW4 with profit taking index below 36 (29 to be exact).. But the Elliot Oscillator is only at a .75 retracement.. If this stock continues higher and the oscillator does not retrace .90% then the posted PTI of 29 is a "non event" and to be ignored? The next posted MOB is around 20 and EW3's could go that high based on fib. extensions.. So I'm assuming that EW3 is still in effect and the correction from the high around $18.00 to the low around $12.00 is just a normal correction within a EW3... Any thoughts.. Ross

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