Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: nicewatch who wrote (33234)	12/20/1998 11:10:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 95453

Was there a mention of oil in Barrons this weekend? Someone on another board mentioned something pertaining to that? --Bilberry

To: nicewatch who wrote (33234)	12/20/1998 11:22:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

Frank, I have a question for you (and Gary) on E-wave. At the conclusion of a bear market cycle, such as we've seen in crude and the OSX, does E-wave say a bull market cycle will follow? Or can there be a new bear cycle, or something else such as a narrow trading range? I see you've suggested crude will experience a bullish move, and I'm curious whether this is just the normal movement following an E-wave bear move, or whether there is something specific you see. Thanks.

To: nicewatch who wrote (33234)	12/21/1998 8:25:00 AM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

Frank-ewave--i agree with your Wave 5 count from the 96 peak and that we started the (v) of the move from the recent Fall peak above 16. However, from that last peak, i think we have already done 1-2-3 and 4 (last wed's high) and we are now in the last little subwave 5 down to the bottom and that it will likely be finished today or tomorrow and end above 10 for a Fifth Wave Failure ( failure to take out the 1980's low of 9.75). 'Rule' of alteration applies looking at your chart, with wave 2 complex and 4 a spike zz, suggesting 3 is already ended. i use a slightly different count and still get the same result. regards