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To: sea_urchin who wrote (21070)6/3/2004 3:22:49 PM
From: philv  Read Replies (1) of 80958
 
"These days, however, Elliott Waves have assumed a mystical quality and the one who can analyze them, let alone see them, is a true guru, if not an actual messiah."

One such guru, having looked at the waves has concluded that the POG must drop to $350 before continuing its bull run.

I really don't know anything about this Elliott Wave subject, but I was surprised at your dismissal. I assumed E.V. was analogous to technical analysis, and I do know you apply the latter.

This guru was quite emphatic that gold must drop to $350./oz. In his mind, there can be no other future as it is written in the Wave.
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