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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (42191)4/14/1999 1:53:00 PM
From: marc chatman  Read Replies (1) of 95453
 
Is it possible that wave 3 (of C) ended this morning, or would any wave 3 move necessarily have to take the osx below the April 7 low?

The reason I ask is that I see a print below 60.52 as likely (possibly today or tomorrow), but I don't feel the momentum for a move down to the low 50's. A print slightly below 60.52 would probably set up a bullish macd divergence on the one hour chart.

On the other hand, I believe there is still a gap near 55-56, and the osx has a history of filling the gaps.
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