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: hdrjr who wrote (52866)	10/12/1999 5:15:00 PM
From: marc chatman	Read Replies (1) of 95453

<<However the lower end of Gary B.'s prediction was a move up to the 75 to 81 range in the OSX. Obviously, we hit the 75 earlier and could not follow thru. FWIW, I agree with your implication and look for 80-81 before we halt again.>> If this is, in fact, a B wave up in an A-B-C correction process, I believe we should see 3 sub-waves within wave B. I'm hoping Gary will give us an update, but I'm thinking that from Friday morning until this morning could have constituted sub-wave 1 of B, and possibly the move down beginning this morning and carrying through the close could have been sub-wave 2 of B, with the final move up to begin tomorrow, if the API numbers are any indication. Then we would get wave C down possibly to retest the Friday lows. Gary, if you're out there, was the down move today sufficient to qualify as a sub-wave 2 of B?

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