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Non-Tech : The Woodshed

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To: nspolar who started this subject	2/20/2004 2:59:34 PM
From: Henry J Costanzo	Read Replies (3) of 60919

Been lurking this thread past few days....because I've known nspolar for some time on other threads, and have a very high regard for his judgements ..and his terrific record. Hope nobody will object, though, if I post some thoughts....for what they're worth (sometimes not much)...which may be at odds with most of the views I've recently been seeing on this thread. Here's an excerpt from something I posted on another thread on Wednesday: <<I was asking about the EW situation in part as a follow up on something I posted here right after the Boca Raton G-7.. I am still pretty convinced that the Europeans will no longer tolerate a rising EURO...It's hurting too much..........and from here on out there will be increasing pressure on them domestically to stop it. And, consequently, any attempt of gold to rise will face, as I put it then, increasingly strong headwinds..... .My own cursory look at the EWs of HUI on the monthly chart seemed to show 3 clear waves up from 2000.....and furthermore, on the daily chart, a pretty clear 5 waves up from last April (which would have formed the last larger Wave V up from 2002)....But as you know, Shack thinks there may be some more up here before a larger correction is in the cards.>>

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