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Non-Tech : The Woodshed

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To: baystock who wrote (17213)	11/27/2004 5:40:53 PM
From: nspolar	Read Replies (2) of 60899

The last top in the all gold JSE must have been in excess of 3400. The last low about 1400. It is currently on the order of 1900 or so. The top represents a 1, the bottom a 2, and I believe it is now in the early stages of a 3rd wave up, which will take it well beyond its previous high. Thus it should more than double from here, and still have another wave left. I don't think the HUI will more than double from here, before it reaches a big top. Part of the HUI move would be fueled by its SA content, if the all gold JSE moves out. What has to happen for this to occur? The Rand has to tumble. Roffey has made many comments as to the technical and fundamental reasons for this. I still think he will be proven correct. I am watching Drooskie, and may add on Monday.

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