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Strategies & Market Trends : Classic TA Workplace

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To: 4rthofjuly007 who wrote (66442)	2/14/2003 11:24:09 AM
From: Perspective	Read Replies (1) of 209892

Gold needed to correct its run from 300-390; at $345, it will have corrected 50% of the run. If it is just correcting the move off the $310 base, the .618 correction is at $340. These levels also correspond to the wave 4 of lesser degree. News, any news, causes corrections. Doesn't matter whether it supports or refutes the trend, it becomes the excuse for the correction. Such is funnymentals. Dunno on the buck. I doubt it's got what it takes to retest the 104 breakdown. The tide is running hard against that one. BC

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