CURLEW LAKE RESOURCES (CWQ-VSE) Message Board

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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)

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To: Bearcatbob who wrote (390)	7/15/1999 12:05:00 PM
From: Dale Schwartzenhauer	Read Replies (2) of 701

That Berkeley chart looks dangerous to me as a clear three wave rally has been traced out, indicating a bear market consolidation. Also, it appears that oil prices are now finishing, or have finished, wave five, with extreme overbought readings to boot. So, I wouldn't want to be long BKP here. CWQ on the other hand, is consolidating nicely. You'll notice that the previous ceiling at $0.15 is becoming a floor. That also confirms eventual financing at this level. As for the news, Monday's announcement was confirmation of what we already knew, thus the market went briefly higher buy closed slightly lower. Once financing is in place, I expect we'll resume to the upside. Dale

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