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Gold/Mining/Energy : Precious and Base Metal Investing

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To: E. Charters who wrote (14837)	7/27/2003 8:48:37 AM
From: Louis V. Lambrecht	Read Replies (2) of 39344

Way down to the 1932 prices? LOL. Hey, charts are a graphical representation of statistics with a bias. And lies, statistics,....<vbg> Hence, what about charts? Best guess is that the chart can give us an answer as to where current prices are vs. history. Or, that we can draw an hypothetical compound yield (line on a semi-log chart), or channel, and say with conviction (means that we don't know more than anyone) that the market is overpriced or oversold. Not the matter, IMHO, I just want to draw a line on which most gurus and traders will act upon (wether their rationale is completely wrong or not). So far, ze line seems to be the line from the 1937 top, 1966 top on which the Oct low and Mar higher low align. Zis line "has to hold" <g>. Took from 1966 to 1982 to meander from that "mid-line" to the lower end of the channel. And Y2Y only was half-way of the top of the channel. Am agnostic, still have some work to do before having an opinion.

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