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Strategies & Market Trends : TA- Advanced GET

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To: Alton Stephens who wrote (811)	1/15/1998 12:28:00 AM
From: Ross	Read Replies (3) of 1551

Alton, I agree, there seems to be to little discussion on this thread. I bought some shares of PTEK today. It has had a nice 5 wave move down from approx. $38.00 to about $22.00 now. The upper chart is a daily showing MOB support, both short term and longer term.. The lower chart (weekly) shows that PTEK sits on the long term trend line. I do have a problem with Fib. extensions.. Even a .62 extension of the EW0 to EW3 would take PTEK to $20.00 so there could be further weakness. Today was on relatively high volume and has the appearance of a reversal. Chart: teleport.com Just thought I would show a trade I'm actively involved in now. Ross

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