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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (41588)	4/4/1999 10:14:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

FWIW -- In the industry when anyone speaks of "Marine", they speak of Marine Drilling. Global Marine is called "Global". big loosbrock.com

To: The Ox who wrote (41588)	4/4/1999 10:42:00 PM
From: Bill Hyres	Read Replies (3) \| Respond to of 95453

Razor, Thanks for the welcome. I read you diligently. Michael, Let me give you a little detail on FGI. I use a software written by, Robert Miner, and follow his training in his course called The Dynamic Trader. It is a detail course on Michaels EW philosophies. Some Detail on what I see. 1. Last Mondays close at around 17.50 may have ended a wave 3 of this first wave up from the correction. 2. Projecting a wave 4. Wave 4 could term at 38.2% or 50% of the last wave 3 up. These numbers would be 15.16 and 14.28. Wave 4 could also be a retrace from the wave 1-3 run. In my crunching I used the starting point as around 10 running to 18. The retrace percentages would be 23.6%, 38.2%. 50%,& 61.8% with the two center numbers the more important. The retrace numbers would be 16.24, 15.99, 14.28, & 13.40. IF we resume our up move tomorrow as some predict we could confirm that Thursdays low around the 15.38 level may be the wave 4. 3. Projecting wave 5 - Using the 15.38 number allows us to project the wave 5. W5 could equal 127% & 162% retrace of W4 move. This would be 18.68 - 18.91. There may be one weakness in my analogy. I am using the low on or around 2/26. Prudence might use the low on or around 1/30. Ideas. If one uses the January low then this move has more power in it than I am forecasting. I am taking these numbers from some notes I jotted down. They may not be completely exact. I forecasted the others in a similar fashion. In reality I am a long termer beginning to toy with some trading. I do contend that it is very important that we complete one more wave up to confirm new technical strength in this sector. God knows we all deserve it after the last 12 monthes we have had. Hope you all enjoyed your Easter day. BIll