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Gold/Mining/Energy : Nuvo Research Inc

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To: jef saunders who wrote (6065)12/9/2000 12:08:54 AM
From: jef saunders  Read Replies (2) of 14101
 
7 support holds. pros buy back at 7.3 to 7.4. we're in wave 5 up of wave I up. february run up had 7 waves. when wave 5 is finished, then a down wave starts. that down wave is either down wave 6/7 and goes down a little (wave 4 down from 8.5 to 7.3 was 14%).
but instead maybe we only had 5 waves, and so you expect it to correct more.

in either case we've created at least 5 waves up of a wave I up. a very bullish sign for the months to come. after
wave I (up) and wave II (down) complete, the wave III (up) goes way up. very strong and massive buying. of course that was the same pattern we had in february, afterward which was followed by owning 9 months of a declining stock.

there's so much in motion now fundamentally that we're soon to have the price hit 10.50 , which will be a triple from the 11/23 low.
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