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: ItsAllCyclical who wrote (59681)	2/3/2000 4:38:00 PM
From: Gary Burton	Read Replies (2) of 95453

Jim---my 2c--If it were me I would not be shorting QQQ in here--NDX is in the process of thrusting into a New High-same as Naz----They are still in an uptrending Wave 4 ABCDE 'running' (ie uptrending)triangle--currently doing a (d) up--which could end anywhere from today's high to say 4400--after that, down somewhat one last time for (e) which will hold above Monday's low--and that will complete the ABCDE Wave 4 triangle and THEN a straight up thrust for Wave 5---Naz comp to probably then go to say 4800-5000ish before it tops out.---The tipoff to this was given 1-2 weeks ago when the last wave up to new highs was a THREE wave move--can't have an end in a 3 wave-so elliott types knew that the top wasn't in---my 2c (george-glad to see you covered yesterday or Tuesday (vvbg)--EW says it's all preordained re Naz/NDX at least--not sure about DJ

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