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To: POKERSAM who wrote (19483)	12/15/2014 1:33:56 PM
From: Fintas	Respond to of 41630

Pokersam.. That chart looks good to me. And what you suggest re the Saudi's seems a bit devious.. They wouldn't do that would they? Smile. On an aside where is the major construction in Saudi now a days. Hint. It's not in OIL. Fintas

To: POKERSAM who wrote (19483)	12/15/2014 2:44:25 PM
From: robert b furman	1 Recommendation Recommended By ItsAllCyclical Read Replies (2) \| Respond to of 41630

Hi PS, Your blue ABC or (A) was an expanded flat. Your (B) which you have labeled blue ABC can also clearly be labeled a 12345. The ranges of a C or a 3 that you posted on Henry's thread are an excellent help/forward look into the final call. Seems to me the collapse in oil may well give us a 4 corrective with the effects of lower energy giving greater profitability to all but the oil sector (lower input costs to all manufacturers and after tax money for consumers to spend) but with a lag. Once that is realized a final 5 wave up will take a long time to run as lower energy costs are a gift that helps all but the exporters and those who have high cost oil. High cost oil will be deep water drilling and oil exporting countries that have high degrees of corruption. That FA is what makes me think we will have a 4 wave down from the top of your (B).Then followed by a long 5 wave up as we realize lower energy is a gifty to almost everyone. Your 5 wave down is impulsive and suggests that corporate earnings will be declining for a long and protracted time. The oil sector may well give us a weak Q 1 - jury is out on that. Longer term cheaper oil is very good for the US and any net oil importer. For manufacturers a reduced cost input. For service providers lower operating expenses. For consumers after tax extra money to spend. Our shale is not expensive and our low natural gas will allow us to export value added "refined products" at better margins than just crude oil exporters, making the bigger package very growth oriented. I have been on record with Kirk for years thinking that the shale oil revolution and the wealth it has created was a big contributor to keeping us out of the recession others suffered. Always good to hear your view and see your charts. Bob