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To: Allan Harris who wrote (1511)2/6/2000 7:08:00 PM
From: Peter Greco  Read Replies (1) | Respond to of 1551
 
The daily chart on AMGN shows a completed wave 4 with a PTI of 40. Price has broken above regression channel. The wave 4 low came in at the ellipse off the 1/4 low(of course I still don't know for sure which low point if any to consistently use for an ellipse)and at a 50% retracement of the rally from 12/9. Target is between 90 and 110. The risk reward is high as you would put a stop below the wave 4 low of 59-1/8. Current price is 64-5/8.

Pete Greco



To: Allan Harris who wrote (1511)2/6/2000 8:32:00 PM
From: Peter Greco  Respond to of 1551
 
On the daily chart AMGN has a completed wave 4 with a PTI of 40 and has crossed above the trend channel off of wave 3. The wave 4 low came in at an ellipse off the 1/4 low and at a 50% retracement of the rally from 12/9. Target is between 90 and 110. Very good risk reward as the stop would be below the wave 4 low of 59-1/8 and the current price is 64-5/8. XTL has been blue for some time.


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