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: nicewatch who wrote (33234)	12/21/1998 8:25:00 AM
From: Gary Burton	Read Replies (1) of 95453

Frank-ewave--i agree with your Wave 5 count from the 96 peak and that we started the (v) of the move from the recent Fall peak above 16. However, from that last peak, i think we have already done 1-2-3 and 4 (last wed's high) and we are now in the last little subwave 5 down to the bottom and that it will likely be finished today or tomorrow and end above 10 for a Fifth Wave Failure ( failure to take out the 1980's low of 9.75). 'Rule' of alteration applies looking at your chart, with wave 2 complex and 4 a spike zz, suggesting 3 is already ended. i use a slightly different count and still get the same result. regards

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