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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (36132)1/29/1999 8:39:00 AM
From: marc chatman  Read Replies (1) of 95453
 
Gary, I have a question for you about e-wave and the OS sector.

How would you view a situation where many OS issues took out their lows, but others (perhaps SLB, or even the OSX itself) do not? I'm assuming that since the OS stocks move as a group, they are all in the same wave. So, would you read that as a wave 5, or as a retracement of the first wave in a new bull move?

I'm trying to recall what you said about the first wave up in a new bull market -- is it that most of the first wave is typically retraced?

Thanks.
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