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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (125114)	10/17/2005 1:57:54 PM
From: Henry J Costanzo	Read Replies (2) of 209892

Thanks.....Freep........Knotty questions..... Guess i misread you earlier.......Per my last, I thought you were saying a C wave down BEGAN at the 486.34 Aug high..... But that is still the nub of my question........what the hell kinduva wave BEGAN on Aug 2 at 486.34 ??? ........and what does that tell us of the preceding waves. In my earlier SOX count, I had a C wave up beginning at the 376 Apr low.....and I was looking for 5 waves up in that C......the 5th up being the ill-fated advance from 457.29.......Now I can think of a count consistent with that, but have been trying to shuck it off because it would be VERY BEARISH, and go against my current predilections...g We could take the 485.60 Sept top as having completed a 5th wave up (of C up) FAILURE.....and down she goes......gg BTW re that NEM H&S, only fair that I disclose my prejudice against gold, stemming...as has been open for all the world to see... from my dedication since the beginning of the year to getting the USD back to 100.....Getting close, but not there yet,,,After we get there, I might let your NEM take more of a ride up....LOL

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