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To: tcmay who wrote (173251)	3/5/2003 5:25:22 AM
From: rkral	Respond to of 186894

OT ... tcmay, Amy J's original analysis of the graph was correct IMHO. home.attbi.com And "waves"? The correct TA methodology is wave analysis, whether one wants to call it that or not. Take another look at the chart. Four crests (peaks) .. three valleys between. The crests occurred at approximate 2 year intervals. The 4th most recent wave was the weakest. Hence Amy J's conclusion, an implied pent-up-demand. (Aside: I'm making no judgments on whether or not the data charted is significant. Nor am I implying support, or lack of support, via fundamental analysis.) The pencil you are using is too sharp. Who cares if the period is exactly 2 years or not? Who cares if the waves don't exactly align with odd-even years? It doesn't change the logical conclusion of pent-up-demand. And you are not "thinking outside the box" IMO. "Reading" a chart is more of an art than a science. But if you must apply mathematics, try Fourier analysis. Regards, Ron