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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (43566)4/30/1999 9:06:00 AM
From: Gary Burton  Read Replies (1) of 95453
 
George--We 'have to' get to at least 85 sometime to validate the bull mkt since Wave 3 from 60.52 start should be longer than the 24 pt Wave 1 which started at 47ish and peaked at 71/72....The only question in my mind is do we do it now in one fell swoop or do we retrace a bit first? A retrace now would probably fuel a stronger thrust once we get up there, as it would provide a refueling point from which to rev the engines again. At the moment, I'm still on the side of a retrace since we have now done 5 waves up from 60.52...I call that wave (i) of Wave 3...soon see.
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