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To: Crimson Ghost who wrote (54934)11/17/1999 2:01:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
George--My trading software is solely based on the momentum of the current wave and the recent prior ones. It has nothing to do with elliott--and the target area is ONLY valid if the old peak is first exceeded. ie. IF 91ish peak is now exceeded on a print basis, then 95 becomes the next potential Stop and Reverse point--ie usually when a prior peak is exceeded, the stock or index usually continues into the Potential Stop and Reverse area signalled--where it either blasts through or falls....the longer the time frame between the old peak (91ish) and the current upwave, the higher the Potential SAR area will go --ie if we first fall back to say 80 and regroup for a month or so below 91 then the SAR will have gone to say 100 once that 91 was exceeded.