Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Wowzer who wrote (50154)	8/31/1999 4:26:00 PM
From: Gary Burton	Read Replies (2) of 95453

Chuck the Wave?? I don't think so--As Slider may recall, I said 2 weeks ago when RRC was 5.50 that the odds were that RRC would likely test 4.5-4.75 and EEX 4.125...well, RRC did touch 4.50 and EEX dipped to 4.19. At the time, Slider-up to his eyeballs in RRC especially-thought 'no way'. So the wave won!!Trouble is-I forgot to get back in (vvbg).....If RRC fails to exceed 5.50 next few days and again dips below 5 (admittedly doubtful at this point), my count of another dip to 4.50 is still technically valid. However, I would now have to side with the bulls as the chart looks to have turned around, to my surprise-I though 5ish this afternoon was going to turn it back down since there was no new news (the bank extension is an obvious move)- I was wrong.Maybe the API will be terrible and I can get back in- whaddaya think? congrats to Slider for all the news and data on rrc

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