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Politics : Formerly About Applied Materials
AMAT 242.41+5.0%Nov 25 3:59 PM EST
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To: Gary Burton who wrote (21478)7/10/1998 8:20:00 PM
From: Margarita  Read Replies (1) of 70976
 
Gary:
I always look at the weekly charts when making an EW count.

Take a look at GET's weekly chart. (DOS version) Use 8000 days as the
number of periods and use the issue selection to change the daily to
weekly.

You will be looking at the degree above the primary. When the count
reaches Wave 5 at one degree above the primary the support is at
THAT PREVIOUS WAVE 4. You will notice the A-B-C sequence down.

The support of the previous Wave 4 on the daily chart only applies
while until the degree above the primary is less than Wave 5.

The price of the previous Wave 4 is very near the guideline of
A = C on the degree above the primary. That is coincident with
the major trendline and is reinforcement for the lowest price
as the target price.

IMHO this is the interpretation of the EW count in AMAT, I might
be wrong time will tell, I appreciate your GET interpretation.

Jack (Margarita's husband)
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