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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.07-3.4%3:59 PM EST

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To: shasta23 who wrote (15697)2/23/1998 1:23:00 PM
From: Allan Harris  Read Replies (1) of 32384
 
>how do you get to a target in the mid-20's?

This is a feature of the Advanced GET software, it measures what it decides are initial Waves 1 and 2 and then projects, using fibonacci based statistical analysis, a range for the entire five wave advance, which in the case of LGND is 22-27. What gives some credence to this particular projection is that the Point & Figure projection based on a completely different pattern recognition technique, is to 26, right in that range. I use these projections to assess risk:reward considerations.

More on Point & Figure: dorseywright.com
More on Advanced GET: tradingtech.com

Allan,
King of France
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