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To: Platter who wrote (34410)1/7/1999 1:05:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
If Feb crude can pull back to say low 12's and then rally to again print 13.25 (today's interim high) or above, then I will revise my thinking and say the low is already in. Off the low, we have so far done 1-2-3 and this pullback is a 4 to hopefully be followed by a 5 to complete the move.But if such move progresses up in 5 waves, the rally will broaden out after a brief correction and we would go yet higher still--- Only a 3 wave move off the low spells trouble, 5 spells good times. At the moment, we have done the 3 wave but if this pullback bases and then we print at or above 13.25, we will then have a 5 wave on our hands, an excellent sign. stay tuned. the moment of truth is at hand