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

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To: Taff who wrote (458)10/15/1999 8:12:00 PM
From: Dale Schwartzenhauer  Read Replies (1) of 701
 
Curlew at or near significant low!

Friends, it appears CWQ is near a major low in its upward trek from earlier this year. The current pattern appears to be a near perfect A-B-C correction from the 0.22 level. A trade at 0.13 will make the last "C" wave as long as the "A", and also complete an a-b-c (where a=c) within "C". Further, at 0.13, the stock will have made an approximate 50% retracement of the advance from 0.05 to 0.22. Supporting this view fundamentally, I believe, will be an announcement in the near future regarding the letting of all contracts and a firm spud date. I think we could see a final bottom as early as Tuesday.

Dale
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