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: marc chatman who wrote (38700)	3/2/1999 6:24:00 PM
From: Gary Burton	Read Replies (1) of 95453

Marc-ALL Waves consist of 5 sub waves. Also, all Corrections consist of 3 Waves-not 1. So, a 5 wave move ends only the first Wave of the larger 3wave corrective sequence.. but since all Corrections consist of 3 Waves, such first Wave must only be the A of an A-B-C sequence..... The good part is that if we are starting a B, the stock will likely double from here before one has to worry.....My s.t. concern is with the other alternative--a sucker rally from the 9.25 followed by a drop to 8. Jury is out on that right now

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