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: BigBull who wrote (56756)	12/12/1999 3:29:00 PM
From: Gary Burton	Read Replies (1) of 95453

BB-re your chart on crude--switch to a weekly chart rather than monthly. then start counting waves--the first wave went from 10.50ish to 13ish then back down to 11.50ish for Wave 2--after that I think we finished Wave 3 near 27 (it extended into 5 smaller subwaves along the way) and now I think we are in a Wave 4 pullback, leading soon to Wave 5 ending a bit above the current peak at 27ish---THEN 5 waves up from 10.50ish will look to me to be complete, implying that this would be the end of "A"---A drop should then result in giving back 38%-50% of the length of A--ie towards $20-22ish to put in a "B"---after that to be followed by a "C" wave into the $30's. my 2c----another wave type thinks we are already now in the B part with a 20-22 target, although I am inclined to think that the A Wave needs one more high to complete the pattern

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