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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: Ross who wrote (960)	4/4/1998 12:08:00 AM
From: Gary Burton	Respond to of 1551

Ross--many thanks for your 15/60 min bars on MTSN. Thr reason I bought it a few days ago when it retested 6 is that the daily MOB was so close and I thought there was a chance of a 5th wave failure (it printed 6.06 on the retest. It looked to me like it could have just as likely done 5 little waves down on such retest. My suspicion is about 60/40 that 6 will hold and if so the first move up off of the 6.06 was a 5w wave 1 and we may see 6.25 on the wave 2. I see it broke out of the daily regr channel on the move up these last few days. Even if it breaks 6, it would appear a strong rally is coming. And with 2.40 in cash and no debt and most chip equips now resisting bad news (MTSN already prewarned), I can sleep at night.