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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Cassaro who wrote (11026)	9/14/1999 9:50:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

Incoming ? from left field? Cranked up the ElWave Elliott Wave tool again and came up with some very interesting observations. First, the projections are now down to two. A main cycle still indicating 18.30 and a one degree more minor indicating a target of 2.37. There was a still more minor cycle targeting ~2.58 however we have achieved that! What is interesting is that the "time cluster" feature, represented as a clustering of coordinated to cycle color bars has now dramatically thinned. The cluster of bars in the time frame of Sept. 16 to Oct. 27 is clearly correlated to the more minor wave target of 2.37. The more major degree cycle targeting 18.30 in price level is represented by a time cluster occurring in the last week of Dec. 99. Hmmm. We took out one downside target and are moments away from another - in the time frame indicated. My first reading of the time cluster was obscured by the dense concentration of time clusters of the two downside targets. I could not "see" the upside time cluster. I am using the highly rated ElWave 5.0 tool from Prognosis. See: prognosis.nl don't forget to check out the product testimonials of users (wink wink). Ed Perry