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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: Dale Schwartzenhauer who wrote (55685)	7/5/2000 9:06:23 AM
From: Little Joe	Read Replies (3) of 116768

Dale: The problem with Elliot Wave is that it is very subjective. Even the best are wrong and big time wrong. Bob Prechter called the top of the stock market years before it happened. On the other hand he has called market turns to the minute. He has been right on gold all the way - at least up to the last time I read a prediction, he was bearish. I don't know if he has changed recently. A lot of these Elliot Wave theorists and cycle gurus claim to be so good, but why are they shlepping newsletters. If they could do what they claimed they would be clipping coupons and enjoying life. It reminds me of all of the Gann theorists who claim to understand him and his techniques. However, none of them can duplicate his results. hmmmm. Live long and prosper, Little joe

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