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RealTraders,
AMAT and the SOX index closed higher in the midst of tuesday's dow/sp
fall; now Nature's Pulse
Automode projects a new energy point for thursday,
7/23/98 for AMAT.
Not quite there yet, but 33.75 - 34 is a price level
containing three distinct Fibonacci ratio projections:
1) 0.618 of the move down from the 5/13 high
to the 6/12 low.
2) 2 X the move down from the 7/16 high
to the 7/17 low.
3) The distance from the 7/17 low would equal
the move up from the 6/12 low to the 6/25
high.
If AMAT moves up to stop at this price area,
circa 7/23/98, it may be a corrective upwave
is at terminus.
The SOX retraced tuesday 7/21 to approximate 0.618 of the 7/16 - 7/20
move down.
NP's new Automode projection is 8/2/98 for this
index.
Proffered for discussion only.
Best results in all your endevours,
Rory Lewellen RL2946@xxxxxxx
In a message dated 98-07-17 02:13:55 EDT, you write:
<<
p.s. The F6 for the SOX projects 7/21,
p.p.s. And 7/21 for AMAT
>>
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