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Strategies & Market Trends : Strictly: Drilling II
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To: crustyoldprospector who wrote (13853)6/4/2002 10:47:19 PM
From: nspolar  Read Replies (1) of 36161
 
vt/crusty; none of us are wrong here.

I've been counting the minors in the 4 assuming it has started, and so far no violations but close (MO). Inference then is it is in progress until proven otherwise, and we probably know by tomorrow or Thursday. No need to go into any more detail about it this evening.

However we all know something could happen tomorrow to force a count change and crusty your possibility is not outlandish at all.

<...with a little help from the falling dollar and DOW, POG could run to $350 and the XAU could hit 98 before we see the wave 4 pull-back.>

Lot a chit going on right now. You can bet some behind the scenes action is taking place as well.

Be interesting to see how it plays out here. Right now gold is getting hammered so the corrective 4 count continuing appears to be the golden horse. If it does continue I might post a little more about why 79 might no longer be my prognosis for a low. That depends on the action tomorrow, but as I now see it shaping up, pretty good possibility. If POG retraces a fair amount, you can bet the indices will correct quite a bit.

By the way I might add I've sensed some of the stocks I follow weakening (I think), maybe considerably. BGO back to a buck ... could happen. Not one of my favorite stocks going forward, but I would probably have to buy some at that price. DROOY at 4 or sub 4 again? I could handle that as well.
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