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To: RWS who wrote (55482)	11/26/1999 5:32:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

RWS--re FLC--That's why I replied to Marc that there is more than one way to read the longer term count. We could well be setting up for a much larger move up... But, in the short run, if OSX prints below 77.40 then to me the s.t. elliott count on the OSX would change to bearish and that might well induce FLC to dip below 11.13 to complete a C of the decline from 16. Since the jury is still out on the OSX till Mon/Wed, I said that I for one would not yet buy FLC in here as I for one don't have enough confidence that it is going to hold here and turn back up and head for 16 right away. If I had to flip a coin, I'd probably gamble that it will continue to dip furthur in the near term, particularly if OSX keeps dropping on Monday and dips below 77.40 print.....my 2c fwiw--without looking at the usual indicators --of course I've been wrong on FLC before, much to my chagrin. Have to go with what feels more comfortable though....damn that MDR! the tax loss guys won't let up.

To: RWS who wrote (55482)	11/27/1999 9:36:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

RWS, it's probably clear that I know relatively little about E-wave -- only what I've picked up from Gary's posts and from an E-wave website primer which Gary had previously mentioned (I ought to go back and study some more). After considering the fundamentals, I look for technical divergences to find what I consider the most optimal prices to buy and sell. And, quite often, if I really like the fundamentals, I ignore the shorter term signals and hold through minor dips. I've found that, for me, these divergences work more often than not. My interest here in E-wave was sparked by some excellent calls from Gary and the observation that the waves often appear to coincide with technical signals such as certain divergences, movement between Bollinger Bands, etc. So, I was trying to come up with a reading of E-waves which coincided with my current reading of the divergences. I will continue to hold my FLC, but in my view the next week or so is a critical period. Monday, I will be looking for an OSX bounce off the middle BB at 78.5. If that breaks, and the OSX continues to drop, IMO that will be bad news. If we see a strong bounce off the middle BB, we could be headed for 90+, and I will be watching the shorter term technicals for any signal that momentum may slow prior to 90. Thanks for adding your technical readings to the mix.