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To: Janice Shell who wrote (1796)	11/28/1997 5:30:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 2563

J, 2,865 it would be if there was no rally off 3,000 a month ago, now taht 3k in the prior low. 2.865k was Aug low. E-wave - no, not me. But somehow it seems to work, better for down legs than for ups, IMO, uplegs is what screws up ew-tehorists, which is their natural state lately. Oscillator - simple. I have a very simple 4 day price momentum of 4DMA, that is, first take 4DMA, then get the difference from 4 trading days ago. Works like charm, but I don't trade it short term anyway, only look at it to start a longer term position at more favorable time. But, in last four or five months it was like a clock - about 10 days up, ten days down, or something like taht. But, I've a predisposition against short-term trading. Problem was for both shorter still (less than a week) and for longer (over couple of weeks) - these are much less predictable. Of course, as soon as one starts to trade taht oscillator, the pattern will go away ... J+