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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (91787)2/18/2004 9:58:28 PM
From: Henry J Costanzo  Read Replies (2) of 209892
 
SNS.....Thanks for your views on HUI.

I was asking about the EW situation in part as a follow up on something I posted here right after the Boca Raton G-7.. I am still pretty convinced that the Europeans will no longer tolerate a rising EURO...It's hurting too much..........and from here on out there will be increasing pressure on them domestically to stop it. And, consequently, any attempt of gold to rise will face, as I put it then, increasingly strong headwinds.....

.My own cursory look at the EWs of HUI on the monthly chart seemed to show 3 clear waves up from 2000.....and furthermore, on the daily chart, a pretty clear 5 waves up from last April (which would have formed the last larger Wave V up from 2002)....But as you know, Shack thinks there may be some more up here before a larger correction is in the cards.

OT***Have to stick with this, SNS, because ...even though you're not going to Schweiz in February.....I DID promise you a better SFr exchange rate, and there's only a couple of weeks left this month to make good on my obligation to you........<VBG>

and more OT*** Willing to take your word on that "awesome" Italian food. Have to say, though, some of my least favorite restaurants in this country are "Italian"........Having been raised Italian, having lived and worked in Rome for some 6 years from the late '40s, and visiting umpteen times since then, I've developed some pretty high standards in Italian food.....and <VBG> again!
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