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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (131183)	3/24/2006 1:44:39 PM
From: Shack	Read Replies (2) of 209892

You don't want to see another wave down for a 5th, that would be long-term bearish. I don't know what to label the correction off the XAU/HUI highs, but there is potential that it is complete now and the index is pointed up again to new highs. That chart is looking quite bullish in the near-term. NEM however looks most like a 4 up in progress, a good one to watch. If it heads down from here then I see little choice but to label the NEM wave off the highs as a wave 1/A down. Not good.

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