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To: Gary Burton who wrote (38698)	3/2/1999 6:06:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

Interesting. Why would a 5 wave move down from 61 have to be part of a larger decline? I notice that VTS is one of a few OS stocks which made a higher high in 1998 than in 1997.

To: Gary Burton who wrote (38698)	3/2/1999 6:17:00 PM
From: Brian P.	Respond to of 95453

Are there any well-designed empirical studies that have demonstrated just how much of the variance can be successfully predicted by e-wave analysis? I mean a prospective study that uses e-wave analysis to make predictions, at different times in a variety of stocks under a variety of historical and market conditions, and then measures the accuracy of those predictions over time. Or is it all just anecdotal stuff?