ENR trading on AMEX. ( Envirotest) Message Board

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Non-Tech : ENR trading on AMEX. ( Envirotest)

ENR 20.21

-0.3%

Dec 29 3:59 PM EST

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To: Batgirl who wrote (48)	8/11/1998 1:45:00 PM
From: High Grader	of 62

Kit Webster runs an advice service for Nirvana software. They produce a program called Omni Trader. Kit has a lot of Elliott Wave experience and offers daily commentary on stocks futures etc. nirv.com You are much better buying when a stock penetrates an old high rather than trying to catch the bottom. The momentum required to break a high often carries on upwards, while trying to tag a bottom is very difficult. I think ENR has bounced off the 15 bottom finishing wave " a " then moved up to form " b " and now is going down to form " c " which will complete the wave 4 pattern. Remember the Fibonacci levels are 13.75 and 10.28 , with the 10.28 one being the most common one at 38%. We also have that cycle to watch. I will do a new chart for you after today's action is over and check all of the indicators.

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