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Strategies & Market Trends : Visit Mr. Elliott.
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To: nspolar who wrote (281)12/19/2005 5:06:32 PM
From: skinowski   of 656
 
The move down to the Dec 14 low last week was a three-waver. Will it be all we'll see in a way of a correction, that remains to be seen. It may become more elaborate. But the fact that the first leg was a three-waver suggests that we are not looking at a major reversal. You may have seen that McClellan report on gold. I think it was based just on on a few analog charts and on a pullback of a few days. Whatever happens, their report, imo, was a stretch.
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