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To: Arthur Tang who wrote (1310)	4/24/2001 9:45:11 AM
From: TechTrader42	Respond to of 1471

It's true that some WWII surplus parts were used in the development of the first chronoscopes, but those chronoscopes didn't deflect all trajectories, as today's chronoscopes do. You have to keep this in mind. Nor did they allow for reversibility. So while your criticism would have been accurate about 50 years ago, your points (with all due respect) are no longer valid. You might want to update your sources when it comes to the chronoscope. Those dusty old volumes on chronoscopy will no longer serve you well (though they may fetch a handsome price in used-book circles). Needless to say, chronoscopy has made great strides in 50 years.

To: Arthur Tang who wrote (1310)	4/24/2001 10:01:28 AM
From: TechTrader42	Read Replies (1) \| Respond to of 1471

Another way to put it is you might see a Fibonacci pullbackment (I won't say retracement) to 45 (.375 pullbackment) or to around 44 (.5 pullbackment), based on last move up from 39 to 48.75. GE could continue to rally, as you suggest. It doesn't look like a sure thing, though. A pullbackment seems likely. (It does continue to have a pricey P/E for a bear market, at 36). Note how MWBX went down, as I said it would, based on chronoscopy and simple Fib pullbackment. That's not to say that GE will cooperate. Prediction can be a rather useless endeavor, especially when you add an element of certainty.