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roguedolphin

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roguedolphin

Re: rjkraco post# 7509

Wednesday, 03/23/2005 1:24:12 PM

Wednesday, March 23, 2005 1:24:12 PM

Post# of 173813
Oil stocks.....the price action in the major oil stocks seems to be "leading" the price of oil very nicely.
They are now in the final "C" wave of a typical ABC Elliot Wave correction. I'm going to do some Fibbonaci retracement analysis of the major oil company price charts and try to get a "handle" of where to jump in again with both feet. There is still a bit of downside left till the "C" move is complete to the very minimun downside price target in the major oils.

Rogue

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