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

To: Peter Greco who wrote (1512)	2/6/2000 7:58:00 PM
From: Allan Harris	Read Replies (1) \| Respond to of 1551

Peter, nice analysis on AMGN. Note that a MOB anchored on the Jan 24 high yields an initial target of 81. Also encouraging is the fact that the Weekly and Monthly charts are in uptrends. As for the hourly chart, if you localize the count on the 59 1/8 low of Jan 27, you get a five wave sequence targeting 75. Want more? How about +DMI turning up above the -DMI on the daily chart, while ADX is flattening out and looking like it's about to turn up, a bullish pattern. Want more? Try this: put the 10/70 Extension oscillator on the hourly chart. Notice that it just crossed from under to over the zero line. This pattern is a work-in-progress, but from my preliminary observations, it seems to confirm a new short-term uptrend. Want more? Elliott trigger looks like it's ready to confirm, maybe one more day. Want more? A close above 66 Monday breaks out above the 6/4 MA bands. Want more? LA over Houston in the Super Bowl. A