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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Cragganmore who wrote (43015)4/22/1999 5:41:00 PM
From: Gary Burton  Read Replies (1) of 95453
 
re FGI from EW perspective--Crag, EW doesn't work as well with small float relatively illiquid stocks...Having said that, my best guess is that it is in a wave 4 triangle, prior to going to another new high for the move in Wave 5--target 19-21ish. Wave 4's are often complex back and forth tussels. EW types often say when you don't know where you are, after a rise, you're likely in a 4 where a lot of churning goes on..If a triangle(a-b-c-d-e), it has done the 'a' and 'b' and may print roughly 14.50 for 'c' then up again for 'd' then down a bit for 'e'--followed by a thrust up to a new high for 5...If FGI prints above 17.13 tomorrow/Monday however it is then in 5 already...My trading sofware is showing a target price resistance area in the 19-21 area..Anything near 19 would do...That's about the best I can do here, other than to say the OSX needs a temporary rest soon. good luck
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