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To: ItsAllCyclical who wrote (58540)1/14/2000 4:33:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Jim--re HRC--As I count it, HRC completed 5 waves up yesterday at 7.31--that's a gain of 2.62 off the Dec low and a 38-62% retrace of that would be quite normal---implying 5.69-6.31 where it should find support in order to build a base from which to surge into the 8-10 area. I hope to buy HRC back next week but not till the low 6's----I still think the broad mkts are very close to topping out and that is what concerns me the most.....Geez if MDR gets to 13 I'll actually end up breaking even on that one--gap to fill at 13.50----HRC gap is at 7.88 I think