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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (631)3/24/2000 7:41:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 2850
 
John,

What are the targets for 'B' wave moves...?

With GENE the market bounced on a 50% off Nov to March high.
Also off an upper tine of the closest small fork and a support resistance area at 40.00.

Today is a double fork time projection, with the pull back yesterday I expect a strong move Up.

My initial target is the 50% retrace for this last sell off at about 48.00.
Next there is a median[2/24]line from the first major fork and .618 retrace that cross at 55.00 on 3/30.

I'm really looking at the new big fork off 2/7 and the median line at 57.00 for today.

If the market can get by 40-41.00 it should move with strength.

What do your 'B' waves suggest...?

Chip