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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: BUDDY MOYNIHAN who wrote (3865)	5/10/1999 11:36:00 AM
From: High Grader	Respond to of 5206

Elliott Wave update. KRT has made a visible abc or zig zag down on the hourly chart from .56 to .40. This is wave A of a larger degree. This has been followed by another small abc up to .55 which is wave B of a larger degree. Again this is visible on the hourly chart. Now it should have one more down abc pattern to complete wave C of a larger degree which in total with a larger ABC completed would finish off wave 2. Small wave "a" of the C wave is already under way, from .55 to .45. So far this is a classical EW pattern, which should give another small up and down before the correction is over, a new bottom is established, and prices move up again. Penetration of .56 means wave three is well under way. Just my thoughts. We will see if the EW can be used in these circumstances. Good luck all.