SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Gary Burton who wrote (94439)11/15/2001 2:38:56 PM
From: Fitz  Read Replies (1) | Respond to of 95453
 
Hi Gary

Glad to see ya back......
You don't suppose we will see 25.00 CAM again do ya.....
lay low and let them come to you.......
BTW what does E-W have to say on OSX.......

Fitz



To: Gary Burton who wrote (94439)11/15/2001 4:11:22 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
I'm glad I check into this thread every once in awhile, or I would have missed your post. I haven't posted here in about 2 years, probably.

And I haven't been invested in the patch in ages, but I can see your E-wave pattern playing out. Can I assume you think we are doing an A-B-C zig-zag off the mid-2000 highs (easiest to see on the weekly chart), which would put it in 3 of 5 of C?

Apart from the headline news, I am out of touch with the fundamentals.

Thanks and good luck with your PGO.



To: Gary Burton who wrote (94439)11/16/2001 5:06:35 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Hi Gary. Good to hear from you again. Well, if the E-Waver extraordinaire says WTI 16-17 I have to take a look. My original technical projection was 16, based on the topping formation. Then sometime in the late summer I started getting bullish on the US economy again as I thought the interest rate reductions stood a good chance of taking hold. Then came the massive Sept 11 "exogenous event" which forced the completion of the pattern. The decisive crack of the 25 "maginot line" told the tale.

I now am thinking that taking out the cycle lows in crude (10.25?) is a distinct possiblity, if only briefly. Are there alternate counts that include this possibility? The reasons are largely related to economic conditions, which I know you tend to eschew in your trading decisions. At any rate these stocks are closer to the bottom than the top so it's time to take a look again. Also, I think the possibilty of tax loss selling looms large in this sector. Haven't looked at too many os charts of late so it may take me a while to get back up to speed.