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To: Gary Burton who wrote (55480)	11/26/1999 5:03:00 PM
From: RWS	Read Replies (2) \| Respond to of 95453

Gary and Marc I don't know beans. But for discussion's sake, suppose that since Elliott promulgated his rules, they have become to some extent discounted by the market, so that, for example, a fourth wave dip in FLC tests and briefly penetrates the high of the first wave, which has happened. If this supposition is true, then a lot of ewavers may be left out of a large move up in FLC. If I look at a daily chart of FLC with a 21,13 stochastic, and a 55 day CCI, it looks bullish. On balance volume is very positive. It's possible that FLC is starting a strong third of a third wave up or a fifth wave up. I don't own any FLC, but would consider buying if it successfully tests its uptrend line from the Feb. low or exceeds its recent Nov. high. Regards, RWS