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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (52877)10/12/1999 6:50:00 PM
From: marc chatman  Read Replies (1) of 95453
 
Gary, I think I need some help here, as I've got myself confused.

I was thinking that the entire 4 week move down from 91 to 65 was a 5-wave A, in an A-B-C correction; and that the turn up last Friday began what should be a 3-wave B.

But from your post:

<<If it takes out 75ish, I would be 60/40 in favour of today being (iv) down of a 5 wave A, with (v) up tomorrow/Thurs above 75ish to finish A only---40% chance that today was part or all of B >>

It appears that you are saying the wave A is the move up. Does that mean the primary trend now is down, in your opinion, and that the move down is expected to be composed of 5 waves, with the move from 91 to 65 comprising wave 1? That would be very ominous.

Thanks.
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