Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (13827)	6/4/2002 7:48:26 PM
From: gold$10k	Read Replies (2) of 36161

nspolar, Most likely today was the double top leading to wave 4 (of 3), similar to the one in early/mid February that led to wave 2 (of 3). There's a lot of bullishness now which will most likely take 4 to 8 weeks to dissipate. If the goldbug was ever in charge of past rallies, IMHO, he/she is not now. Unless there is an extraordinary, rogue-type event, the BIG BOYS will keep this bull on a feeding schedule. The XAU has been a textbook wave count since November, 2000. I still like your 79 number, although as you say, it may be too obvious so maybe it will dart a few points lower to shake out the weak hands. Regards, vt

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