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

To: Bruce A. Bowman who wrote (1004)	4/16/1998 8:32:00 PM
From: Gary Burton	Respond to of 1551

Hi Bruce----re Type 2,, one of the problems may be that often declines from the top --particularly the deep ones--turn out to be a-b-c's rather than 12345. The true EW sequence is often a double zz which GET erroneously decides must complete in a 5w sequence ( as in 'gee everything must a 5w'). So, the buy point is sometimes the bottom of what GET calls Wave 3, particularly if there already are a few osc divergences.-----I learned this lesson the hard way a year or so ago when the semi equjips were all in the tank and presto most of them bottomed at what GET at the time said was the bottom of w3. Needless to say the train left the station before i could safely buy. I kept waiting for GET's w4 to play out below the red bands and by then it was too late. ------NB- if a DEEP % decline has already happened, it is likely a 3w abc not a 5w impulse- if -it was a 5w impulse, that would mean that a second 5w C wave would eventually have to follow, which on deep % drops of financially healthy companies usually doesn't happen if it has already been murdered say 70% on the first A wave down. Of course an elliott type using log scaling would think it was an abc all along (vbg) --o.k. let's not get started on that again. Cheers.

To: Bruce A. Bowman who wrote (1004)	4/17/1998 9:50:00 AM
From: Craig Monroe	Read Replies (1) \| Respond to of 1551

Thanks very much for your response. If a lot of these trades do fail what trading approach using GET do you find works well? Also I'm unclear what you mean by " As is always the case, the best money managers are the ones that will make money" within this context.

To: Bruce A. Bowman who wrote (1004)	4/18/1998 9:40:00 AM
From: Ross	Read Replies (1) \| Respond to of 1551

I was looking for some type one setups and found this.. Integrated device tech(IDTI) daily chart: teleport.com Really a nice chart.. Beautiful symmetrical triangle. Support at $11.75 resistance at $18.50. Possible negative; if idti breaks a trend line drawn from the low thru the red cannnel lower support will likly be tested.. Though, this may also be a good trade being a .62 correction and MOB support. Quite typical when the red channel is broken. Home page: idt.com Ross And, for those who like a good joke: Clinton, distraught and contemplating his latest scandal was walking through Washington looking for any kind of guidance. He walks up to the Washington Monument, looks up and says, "George, you were always wise, what should I do?" Low and behold, a voice comes down from above and says, "ABOLISH THE I.R.S. AND START OVER." Clinton, amazed that he is talking to the past President thinks he'll try it again. He walks over to the Jefferson Memorial and utters the same request. "Thomas, you never had these kind of problems, what can I do to rally people behind me?" Again a voice from above answers, "WELFARE, ITS NOT WORKING, ABOLISH IT, START OVER." After hearing this Clinton is so excited he is planning to go to all the historic sites for guidance. Next he goes to the Lincoln Memorial. "Abe, I need your help, people are losing confidence in me and they no longer trust me what should I do?" After a substantial pause Abe responds, "TAKE THE DAY OFF GO TO THE THEATER."