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Gold/Mining/Energy : Winspear Resources

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To: Letmebe Frank who wrote (25887)	5/19/2000 10:38:00 AM
From: High Grader	Read Replies (1) of 26850

Actually the chart shows three different degrees of wave, notice the red 1 for the long term wave count, the green (1) and the blue i. The Elliott Wave works in fractals. Think of a set of those Russian Dolls that fit into each other. The target for the blue i is around 2.58, time in mid to late June, the green (1) is between 3.95 to 4.55, time in Sept. As for the red 1, I deliberately left the price projection off the chart until we see if in fact this is a valid wave count. We also need to see a purple 1 form before I can really confirm where the red 1 might go. The more waves that form above 2, the better I am able to project from the ratios that the waves establish as they form. The price can go down to 1.82 and we will still be able to have a bullish scenario but for the count I am presently using it needs to stay at or above 2.00. Once it penetrates 2.38 I will be more certain that this is the count.

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