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: Thean who wrote (4653)	12/9/1997 1:05:00 AM
From: Broken_Clock	Read Replies (5) of 95453

Thean(or anyone)...do you use Elliot Wave at all? I understand the general theory but not much else. The 120 day MDCO chart shows 5 pretty distinct waves heading down from Oct. 11(?) high. The current uptrend is wave 1 of new pattern of waves. The next down leg should be telling. I am going to take a look at the OSX patterns. They are probably similar. Yhe momentum is staying down on these stocks...What does that mean? The candlesticks look pretty good but I want to verify with as many TA indicators as possible. I see support/resistance back in Aug/Sept for lots of these stocks...I'd really like to see these puppies drive up a couple of $ by the end of the week. It would be very convincing of continues rally for me...

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