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To: Richard Saunders who wrote (8631)1/27/2002 5:16:52 PM
From: vds4  Respond to of 24925
 
i have been watching wrx and took a position on thursday... but i think that you and i are it.

martin



To: Richard Saunders who wrote (8631)1/28/2002 10:42:17 PM
From: Berry Picker  Respond to of 24925
 
Hey your welcome.

Higher high yet today eh :-)

Open and closes on the lower part of the bar.

Is this a high??? lol

Oh the life of a TA addict.



To: Richard Saunders who wrote (8631)2/3/2002 12:40:05 AM
From: Berry Picker  Respond to of 24925
 
Dear Richard

I just took a peek at WRX - if you noticed this statement I made you will see it completed now:

We may be due for wave #4 which is another down wave but if it is in balance with the last down wave #2 we will see a low of only $6.02 as the last was $1.03 in width. That is presuming it started now and we do not see a new high on Monday or Tuesday.

My $6.02 was "presuming" we would not see yet another high

*BUT* we did see a newer high as WRX made it up to $7.30

If you subtract the $1.03 width from $7.30 you get $6.27 as a low point target

It made it to within 3 cents at $6.30
That wave is now balanced -
A new high will definitely prove wave 5 is started and another run can be expected if you want to make a few bucks on it

Place a buy stop at $7.35 - if filled PM me and I can give you stop placements if you like

The best buy was of course to figure out the $6.27 after $7.30 was made and buy just above it at say $6.50 or even $6.40 or if you were real gutsy the $6.30 which did prove to be a good bet but who knows - hind sight is such a beautiful thing.

A sell stop then placed at $6.25 would be a small risk barring any "gasp" down openings.
Yours - Elect