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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: SunSunM who wrote (127729)10/5/2001 2:08:15 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
while these targets strike one as rather extreme, consider this: assuming the 1980 top was wave 3 of the LT bull market, and the bear from '80 to '99 was wave 4, it is interesting to note that the price rose by a factor of 25 to produce waves 1 and 3. if wave 5, which is usually the longest in a commodity bull market also produces a 25 fold increase, the target for this wave would be well above $6,000. unfortunately we can also assume that the purchasing power of the dollar would be dramatically lower as well in this event. still, it would definitely be a move worth playing.
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