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To: Platter who wrote (38873)	3/4/1999 10:40:00 AM
From: Gary Burton	Respond to of 95453

From Prechter's firm's Elliott wave monthly on commodities (Feb 18)..."The CRB is made up of 17 markets.In past issues, I stated that individual markets would reverse one by one not all at once.we have seen reversals in the livestock market and crude oil may have turned...the final market that I believe has already bottomed is crude oil.A 5 wave decline from the 26.80 (Dec96) peak is visable to this past Dec's 10.35 low..We've seen a sharp rally since followed by a 3 wave setback.Three-wave movements are corrective.if the market did bottom in Dec, the advance from there is set to continue.A nearby contract rally above 12.90 should continue above 13.75. The next objective would be 14.70 followed by 16.36.."