SI
SI
discoversearch

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: marc chatman who wrote (38697)3/2/1999 5:57:00 PM
From: Gary Burton  Read Replies (3) | Respond to of 95453
 
Marc--re VTS--eps out tonight?---I'm loaded up as well. When I look at the wave count, I see 2 alternatives- both equally likely in my view. Alternative X has the low already in at 9.25 of a large 5 Wave move down from the 61 top. If that were the case, it would constitute Wave A of a larger decline, with a B Wave up now in the early stages (B's often retrace 38-50% of the A Wave drop, putting the B into the 30's before the final C Wave down to below 9.25 eventually. That's my good scenario.... Alternative Y, however, says that at 9.25 we only completed the 3 in what should be a 5 wave sequence, with the 4 ending anywhere between today's high and 12.50 and with 5 then dropping to test 8 to end the down sequence. ....Bottom line, I'm not at all sure which Alternative will win out..50/50 as i see it. maybe the eps report will tell the tale (gulp)