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To: Ahmed Elneweihi who wrote (42818)	4/21/1999 8:14:00 AM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

Ahmed-Thanks for your view on IO. This one sure is frustrating me so far. I keep saying to myself "it's a series of 1-2's"-a precursor to a strong move up, like a coiled spring...As for EW, a lot of it is 'feel' for me. Since it's a social mood kind of thing, it works better on indeces than individual stocks.So,I relax some of the hard and fast rules like w4 never overlapping w1 (I allow some leeway) and I accept more '5th wave failures' than I otherwise would... But frankly, I haven't found any other system that works as well for me, on average. I now pay less attention to standard TA (except I'm always looking for divergences). For eg, moving averages and trendlines mean very little to me and a reverse H&S formation has to fit with my count for me to jump up and down about it....I think PGO is in the midst of a rHS and is in wave 2 EW wise, so I'm bullish