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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (657)9/10/2003 1:16:25 PM
From: David W. Taylor  Read Replies (2) of 110194
 
jim,

I am a long time Prechter reader. By definition anyone who understands the theory behind his publications will tend not to be an active investor.

He has long held the belief that we are in a place in the Elliott Wave pattern that is bearish for most stock indexes. If you agree with him, the best investments tend to be of the non-active type such as index-oriented mutual funds and T-Bills. Rydex funds and Prudent Bear funds are often chosen by Prechter fans.

For gold, he is basically saying that Commercial Hedgers have never been more short and large speculators have never been more long; the exact opposite. The current December Gold wave pattern allows for a push into the $390's for a wave 5 top making a push into the 390's bearish not bullish.

This "goomba" is neither bullish nor sheepish. Your comments seem a lot more unintelligent to me.

David
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