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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: John Doyle who wrote (46790)6/23/1999 12:04:00 PM
From: Gary Burton  Read Replies (2) of 95453
 
John-I am completely out of OSX at the moment--eg look at FLC--It 'needs' to do 5 waves down from 10.06. As of last night's low, it had done only 3 (10.06 to 9.06 then up to 9.50 then down to 8.19).Unless it can print above 9.06, today's trading will qualify as a '4' and it should rollover and print at or below 8.19 for '5'---after if does that, there is a good chance that that particular 5 waves down will itself constitute a 3 in a larger degree wave starting from 10.06, with the result that FLC could easily go into the 7's....my 2c. Pls note that i could well be wrong of course. so what i am printing here is simply what I am thinking to myself for trading purposes.
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