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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject10/8/2003 12:14:22 PM
From: nspolar  Read Replies (1) of 36161
 
Here is my opinion on BGO.

I have redone my counts several times, being somewhat lost the last few weeks. My current opinion is the BGO has finally entered a 5th wave up and is in the early stages. If so it has to soon set a new high, or this count is invalid, it is that simple.

This is a most important stock for me, I have a lot and have been in since 1 dollar. It has been a very strong stock.

You certainly do not add during 5th waves up, or if you do it should be ST only. That may allude to my strategy. If you get all the waves from the 1 to most of the 5th, you've done pretty good.

I can not yet ascertain how long this 5th will be. The 3rd was a monster, price appreciation as well as time. The 2 and 4 corrections were both flats, which seems to indicate strength.

ttrader.com\'s%20charts&id=427&d=2
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