Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Meade Instruments Corp MEAD -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (122)	3/30/2000 11:17:00 AM
From: Islander	Read Replies (2) \| Respond to of 175

You certainly have done your homework. A little too complex for me, but thanks nonetheless :) To me, being somewhat of an Elliot Waver, Meade looks like it has completed a fourth wave correction, has moved into the final fifth impulse wave higher, which is truncating (shorter than the initial first wave high) and is accompanied by decreasing volume. Fifth waves are followed by corrective waves downward which can also be reversals. Meade's PE has now almost doubled. The markets are generally eroding, especially the techs. I would not be a buyer here. Meade looks just about done, imho. I guess we shall see. Regards.