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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: Allan Harris who wrote (1492)	1/7/2000 9:17:00 AM
From: Allan Harris	Read Replies (2) \| Respond to of 1551

Re: GBLX Mechanical Type #1 BUY -- Pending Update: I am now drawing the ellipse from the November 3, 1999 low, which makes more sense as GET is labeling this as the Wave 2 Low. (Aside: the problem I've always had with the ellipse tool is that IF you find the right "pivot" to start the ellipse, you can catch just about every subsequent turning point...but, that's one hell of a big IF.) This new pivot creates an ellipse that comes in right at current prices. Note PTI is still at a respectable 47, keeping all systems go and on alert for this trade. Profit targets have slipped back on the daily charts to 72-82 for the expected move, while the weekly analysis is still targeting 100. If we rally from this week's print low and trigger into this trade, I would use this low as a stop. A