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To: Shack who wrote (75651)6/9/2003 9:11:06 AM
From: JRI  Respond to of 209892
 
Man, that was a decidely AMERICAN response g

I'm reading now that there is a gas shortage coming in U.S. this summer...so much for cheap Iraqi oil....(for now)

As small an item as it may seem, higher gas prices could impact the psychology of this bull..maybe why transports starting tanking early?



To: Shack who wrote (75651)6/9/2003 10:34:38 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Upon 2nd reading, the 1195-1200 level that Onischka identified could (but does not have to be) a place where the 'a' of 4 could end...and then we could see a move to 1240 for the 'b'. Again, Onischka was pretty hedgie on that.

Main thing, he sees a larger 4 down to 1170 here.

Which means/he states that he sees Friday's move as the end of the 3 (of C), which he called a (close to) 162% extention..

One final note: He mentioned something about Friday potential being a zig-zag (zickzack) but one cup of coffee, and given it sounds like a deep alternative scenario for Matthias, I refuse to translate/reread that one..g,ng