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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (51931)9/27/1999 1:54:00 PM
From: Gary Burton  Read Replies (1) of 95453
 
Slider--My tea leaves told me recently when I first looked at MDR's chart, after you mentioned it, that it needed to put in one last new low for the waves to balance out.Since 19.25 was the old low, I simply said to myself 'ok we need 19.25 or lower'--there is nothing in EW to say that the final wave down can't be a 'failure' ie fail to print that last new low. it is just that I for one will not be buying unless and until it at least touches 19.25--the 17.50ish is where momentum may take it and is of course not cast in stone----what do I know, I'm losing on RRC so far!---btw this is going to sound awfully naive but who exactly is Stanley Druck..? I have heard his name before but can't place his mutual fund.-----today's rally in the market is anaemic with poor breadth and lacklustre volume and is therefore suspect so far
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