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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: upanddown who wrote (55259)11/23/1999 9:14:00 AM
From: Gary Burton  Read Replies (2) of 95453
 
My sense is that the OSX is going to hold in here and then rally above yesterday's 88.25 peak by Wed/Fri am. If so, that would reaffirm my count that we may test 95ish before this Wave off the 65 low is over------However, if we instead keep dropping below 80, I will become more concerned and especially so if we dip below 77.40. From my EW standpoint, sub 80 print would be a yellow light and sub 77.40 print would be a red light to the Rally. My guess is we will not see these triggered. It may all depend on theF API numbers, however....IF we printed sub 77.40 this week, we may see sub-65 in order to complete a C wave of an ABC decline from the Sept peak of 91ish-As of now, I don't think that will happen---my 2c done especially for Post Patrol's benefit (vbg)
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