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Microcap & Penny Stocks : NYRR,What is going on? -- Ignore unavailable to you. Want to Upgrade?

To: Auricman who wrote (3964)	6/15/1999 5:41:00 PM
From: SnakeInATuxedo	Read Replies (2) \| Respond to of 4304

Today's action gives me about a 90% confidence we've seen the final retest low of corrective Wave 2 from the Wave 1 top at $1.77. Some beautiful Fibonacci relationships occurred. For a while today, there was a strong possibility of taking out that mid-$.70 cent support, and IF that had given way, we'd have been in free-fall all the way to $.35-$.40. Some really bad news of some kind would have to come out of nowhere to torpedo this any further. Based on the Fibos, we should now see Wave 3 commence which, based on typical Wave 1 / Wave 3 relationships, could give us a Wave 3 top in the $3 to $3.40 area.