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: RWS who wrote (55482)	11/26/1999 5:32:00 PM
From: Gary Burton	Read Replies (2) of 95453

RWS--re FLC--That's why I replied to Marc that there is more than one way to read the longer term count. We could well be setting up for a much larger move up... But, in the short run, if OSX prints below 77.40 then to me the s.t. elliott count on the OSX would change to bearish and that might well induce FLC to dip below 11.13 to complete a C of the decline from 16. Since the jury is still out on the OSX till Mon/Wed, I said that I for one would not yet buy FLC in here as I for one don't have enough confidence that it is going to hold here and turn back up and head for 16 right away. If I had to flip a coin, I'd probably gamble that it will continue to dip furthur in the near term, particularly if OSX keeps dropping on Monday and dips below 77.40 print.....my 2c fwiw--without looking at the usual indicators --of course I've been wrong on FLC before, much to my chagrin. Have to go with what feels more comfortable though....damn that MDR! the tax loss guys won't let up.

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