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 (41946)	4/9/1999 12:38:00 PM
From: Gary Burton	Read Replies (1) of 95453

Looks like the start of an assault on 77-80, the next resistance area past 70-72...There is a chance that osx will roll over here and fail below 66.80 which was the start of the C leg. If it did that and then printed below the 60ish low of the last 2 days, then a case could be made that we were then in wave 3 down in the C leg (1 down to 60ish, 2 up but fails below 66.80 then 3 down hard etc)...I'm about 50-50 on this scenario at the moment. If 66.80 is exceeded on this run however then the C leg is finished at 60ish and we will likely take out 72 and challenge 77-80..my 2c

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