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Strategies & Market Trends : Classic TA Workplace

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To: big guy who wrote (27825)	1/14/2002 12:16:20 PM
From: At_The_Ask	Read Replies (1) of 209892

Here is part of the reasoned response part. I deleted most of it. I particularly find troubling where he lists all of the previous waves and then says "price projection" for the retracemnts. As if he has been projecting all the previous moves and has been right all along. If that were the case he would be richer than Bill Gates and wouldn't even bother anymore. kitco.com 1-2-3 -a-b-c- \wave x\ -a-b-c- 1 of 1 of 5? Or maybe the 85 to 88 rally is a truncated 5th. Which would have us already in the c of a corrective. The c admittedly doesnt have much structure but commodity prices are not stocks and can't be counted as such. If the wave count plays out like he has it labeled gold could go to well below 200 an oz. perhaps below 100, not likely imo. Particularly in the current monetary environment that we have. The fed is printing like its going out of style, and currecy collapses are a regular occurrence. First the asian problems, then the ruble, turkey, and now argentina. What will happen when or if the argentine problem spills over to other latin nations? Beware of Ellioticians bearing long term projections.

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