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To: Gary Burton who wrote (56461)12/8/1999 2:21:00 PM
From: Broken_Clock  Respond to of 95453
 
Gary,
This is looking very, very good. Reversal in crude on the back of the worst API data i can remeber in a long time(albeit total storgae was ely above 300 mil barrels -g-). Reversal in th eosx on volume.



To: Gary Burton who wrote (56461)12/8/1999 3:14:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Gary, "So far at least" You got that right, brother. Looks like real nice reversal action today. Doesn't mean that today's bottom won't be retested though after a brief rally.

What really worries me is that, as I pen this missive, the over all market continues to display weakness. The Spooz in in danger - today - of cracking the uptrend line it established (since oct bottom), utes are testing recent lows, and even the mighty Nazz is starting to fail. The very recent Spooz rally has given nothing but a MACD bearish divergence. IMO the rotation theory is about to face the acid test.

Whatever happens I will be buying OS stocks till my Ass falls off or the money runs out. I will participate in the next 2 - 3 qtr capex led OSX rally - no matter where it launches from.



To: Gary Burton who wrote (56461)12/8/1999 4:02:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Gary -- a question about the rule that a wave 4 can't cross the peak of a wave 1 -- does this apply when the waves are part of a wave C? Today's move appears to have crossed above the bottom of the first wave down from 88.