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To: marc chatman who wrote (38700)3/2/1999 6:24:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Marc-ALL Waves consist of 5 sub waves. Also, all Corrections consist of 3 Waves-not 1. So, a 5 wave move ends only the first Wave of the larger 3wave corrective sequence.. but since all Corrections consist of 3 Waves, such first Wave must only be the A of an A-B-C sequence..... The good part is that if we are starting a B, the stock will likely double from here before one has to worry.....My s.t. concern is with the other alternative--a sucker rally from the 9.25 followed by a drop to 8. Jury is out on that right now



To: marc chatman who wrote (38700)3/2/1999 9:47:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
The API numbers published on the Reuters site are even more favorable.

Crude stocks down 7.398 million barrels. This is the second time recently the Reuters number has differed from Bloomberg. The gasoline stock number is the same. Reuters has distillate stocks up .347 million.

commods.reuters.com


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