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To: The Ox who wrote (35394)1/19/1999 6:30:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
I think the recent dip to 12(feb) is only the A wave down from the 13.85ish top of a week ago or so. The B Wave up may have peaked already at 12.50 today, or perhaps not yet, but a C Wave down below last week's low of 11.98-12ish(feb) will likely soon ensue before we can think of the next turn up. Theoretically, it could go all the way down to retest the Low (and hold above it), if I am right in counting 5 waves up from such Low ended last week. In short, I will not be positive on price unless and until we take out last week's low. At that point, it may well turn around for real and print into the 14's. we shall see what it looks like if and when it breaks last week's low. my 2c