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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: big guy who wrote (107409)	8/20/2008 1:38:41 PM
From: Sweet Ol	Read Replies (1) \| Respond to of 206084

John how are those e-waves looking now? Still thinking we have a fifth wave up on its way? No. In the middle of June I posted that many energy stocks were in EW 4 or 5. They all peaked out in July and a big correction wave started. Some of them completed EW5 and others truncated it as they all started down at about the same time. The correction has been much more than I initially expected, so I am riding it out. I have been working on my golf handicap this summer and forgot that the correction after a wave 5 needs to be looked at in terms of the next higher wave, which you see on weekly and monthly charts. As bad as this decline is, it is possible that it is not over yet. But, I see a lot of signs that many of the stocks are bottoming. This may be because I want to see those signs so badly<ggg>!!! Best to all, JRH