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To: skinowski who wrote (129607)	2/15/2006 6:05:38 PM
From: Shack	Read Replies (3) \| Respond to of 209892

Oh I misunderstood, I thought you meant the rising wedge on the daily, using the late Sept 2005 high as point (i). In any event I wouldn't touch energy here, let all these potential (C) waves run their course. But when I look at the $XOI daily it does indeed look like nothing more than (C).

To: skinowski who wrote (129607)	2/15/2006 7:30:38 PM
From: Galirayo	Respond to of 209892

[OIH] ... [Edit] .. If I set the chart to only cover the last up Cycle from the Bottom Pivot to the Top Pivot .. it's getting close to a 50% retrace and the Candle Body is resting the on the 89ema. However the Current State of MoMo may carry it past on an overthrow to the Horiz and it may even over throw that a bit. stockcharts.com Note that it has been Baiting Buyers with those White Candles that have not confirmed. :( If you pull a Longer Cycle into play .. it's still interesting. stockcharts.com