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To: Richard Estes who wrote (9184)	4/2/1999 3:18:00 AM
From: Bob Jagow	Read Replies (1) \| Respond to of 11149

Richard, Probably lose quite a few AOL-type stocks in the 2 scans that use if close(i)=max(i,-250+i,hi) and .... because those that don't close at the day's high are excluded. If close(i) >= max(i-1,i-250,hi) and ... will pick those whose close is >= the previous 250-day hi [not i-251 because that would be 251 days]. Bob

To: Richard Estes who wrote (9184)	4/2/1999 11:01:00 AM
From: Blake Turner	Read Replies (1) \| Respond to of 11149

Richard, Not the results I expected either. My personal experience has been when a stock makes a new high it pulls back to the previous high or a few percent below it and it will either go into a base building phase or it will accelerate and go. Of course sometimes the overhead supply pushes it way back down. Another project I am working on relates to the new high and it's current wave count in GET. Is it a w3 running or is it a w5 completion etc. I know you have worked with GET for many years. Have you ever studied the correlation between 52 week high and wave counts? Blake

To: Richard Estes who wrote (9184)	4/2/1999 11:38:00 AM
From: TechTrader42	Read Replies (1) \| Respond to of 11149

One reason that you might not see some stocks is that Blake wanted the stock to close at the 52-week high -- at the actual high of the day. You might also try the other version, with stocks closing at the 52-week highest close. Requiring the stock to close at the high, and with 1.5 times average 50-day volume, may be a little too stringent. But I only translated the durn thing. I didn't give any thought to the idea. I was surprised to see so many lower prices after the high had been hit. I would have expected more breakouts. Maybe Blake's results will reveal more.