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To: Harold S. who wrote (46529)6/16/1999 2:17:00 PM
From: Gary Burton  Read Replies (2) | Respond to of 95453
 
As I've noted before, there is a key resistance area at 83ish based on the momentum of recent waves. I think we are now in (iv) of the 5th wave up which started from 69.59 on June 1st. If this is correct, we should see 1 last little blip up past this morning's high to complete the entire sequence from 47ish on March 1st. After that, the risk is back to the mid-60's.---I hate to say this because I'm still holding FLC, which I think will hold 8.75 and probably 9.13, but that has been my scenario for awhile now and is still the best count imo.



To: Harold S. who wrote (46529)6/16/1999 2:36:00 PM
From: BigBull  Read Replies (3) | Respond to of 95453
 
Harold, I had kind of expected the OSX to take a slight breather up at the 80 mark. That's pretty common stuff when re-testing old highs. A lot of the buying in todays overall market is being concentrated in interest related stocks. Simply rotation. I'm not expecting the OSX to do much until after option expiry this Friday. Then if oil can maintain above 18, we should get another pop.

JMVVHO, of course


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