John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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From: nspolar	5/10/2008 4:29:05 PM
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Since many seem to think crude is putting in a big top, the big top may be suspect. If there is an alternative view, imo this could be it. Crude is only nearing a 3rd wave top. The top to fit this scenario would likely be 3 to 4 years down the road, in the 150 plus range. A pullback is due, if we get one it might pay to look for a bottom in the 80 plus range. If that happens another boisterous move up would be likely. This view has the 3rd wave as being an extended wave. The time period for each correction within that wave (as shown) is quite short in a relative sense, maybe too short for there to have been a '4'. img237.imageshack.us

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