Gateway Chart (GTW)
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                       GTW - Swing Point TL From Common Point
                       After making a record high, GTW corrects  from  84.50to 56.75.   You draw your S3 TL from common point at 84.50 to  last  S3  (Ifnone use an S2) before low.  In this case its a four month trend line.                       GTW breaks TL and runs to 75.75, which is  a  68%  RTof correction from 84.50 to 56.75.  It also surpassed the  second  S3  swingpoint, and that was a strong signal for a change of  direction.   The  stockalso re-crossed and closed above its 50 and 200 EMA's.   Momentum  had  beenregained.  It always seems to happen at and around the 200 day MA's.                       GTW hit the wall at the 68% RT  level  and  correctedback to 62 7/8 right at the 200 EMA.  This was 68% of  the  56.75  to  75.75move.  Funny how the Fibonacci numbers of .38,  .50,  .618,  .70,  and  .786keep showing up.  I use them to alert me  to  possible  reactions  at  thoselevels.                       The rally from 62.875 starts with a big gap  and  WRBon news and the stock breaks through TL2 on WRB with good thrust  and  formsa FLAG at the 80% RT level.  Once the TL2 was scaled, there  was  plenty  ofmomentum, and a run at the old high was in the cards.