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 (56374)	12/8/1999 7:38:00 AM
From: marc chatman	Read Replies (2) of 95453

<<(C's are usually limited to about 1.6x the length of A--so anything much more than that is likely a 3)>> That's a cheery thought. As I see it, Wave A went from about 91 to 65 = 26 points. So, C, at 1.6x, could be a 40+ point move -- takes the OSX back to the 40's. And since a Wave 3 scenario would be worse, the Wave C scenario is the best case! <g> What's even more amusing is that a Wave C back to the high 40's would confirm that the OSX is still in a bull market, right? <vbg>

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