John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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From: nspolar	11/22/2008 7:09:18 PM
	2 Recommendations Read Replies (1) of 33421

'I do not believe that the dollar has yet topped, or that gold or the HUI have bottomed. First pivots however come soon with respect to a reasonable time perspective...'. Words from the previous message. Things are not always as they seem are they! The mess down on the HUI does not imo fit any kind of pure 'Elliot' pattern. Repetitive experience with that issue over time led me to stray elsewhere, to decipher corrective patterns. As always there are successes and failures. Above all it pays to be flexible and rejigger continuously. Given the flexibility and rejiggering, this is what I am postulating as a near term and beyond path for the HUI. Some more pain for longs yes, but it should soon be over. img357.imageshack.us TF

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