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: Gary Burton who wrote (53248)	10/22/1999 11:48:00 AM
From: marc chatman	Read Replies (2) of 95453

Gary, a couple of thoughts, and I'd appreciate any e-wave comments you may have. I'm guessing the last trip down for the OSX was a failed C wave, and we are now on the way up. If this is so, do you now have us in a wave 5 of the first wave of the larger bull move, or would this be wave 1 of the third wave of the larger bull move? On Wednesday, FGI hit the trifecta of bullish MACD divergences for me -- hourly, daily and weekly charts. That would be a super buy in my book for both intermediate and long term. I recall you had a FGI target in the 8's. That looks to be one hell of a call. Do you feel the bottom's in on this one? What is your feel for GLBL, if you have one? I am up in the air, since the daily chart shows a bottoming, but the weekly doesn't look as good. I can't tell whether this will turn and run or break below 5 for one final bottom. Since it's an OSX component, I'm guessing it will finish basing and turn up with the sector, but that's just a WAG. Thanks.

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