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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (43948)5/5/1999 9:17:00 AM
From: Gary Burton  Read Replies (1) of 95453
 
fwiw dep't--Barry Rosen writes a daily market letter called Fortucast Market Timers....his latest comment on crude is.."...longer term cycles suggest a May high, an August low and then higher prices into November. The August low should hold 14.85 and the Nov high should go to at least 27.70..." EW wise, we have done, or are very close to, 5 waves up, suggesting a retrace. That retrace would be Wave 2, and the higher high Mr Rosen talks about would be wave 3....As I said, fwiw
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