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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (21478)	7/10/1998 8:20:00 PM
From: Margarita	Read Replies (1) \| Respond to of 70976

Gary: I always look at the weekly charts when making an EW count. Take a look at GET's weekly chart. (DOS version) Use 8000 days as the number of periods and use the issue selection to change the daily to weekly. You will be looking at the degree above the primary. When the count reaches Wave 5 at one degree above the primary the support is at THAT PREVIOUS WAVE 4. You will notice the A-B-C sequence down. The support of the previous Wave 4 on the daily chart only applies while until the degree above the primary is less than Wave 5. The price of the previous Wave 4 is very near the guideline of A = C on the degree above the primary. That is coincident with the major trendline and is reinforcement for the lowest price as the target price. IMHO this is the interpretation of the EW count in AMAT, I might be wrong time will tell, I appreciate your GET interpretation. Jack (Margarita's husband)