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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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From: gemx	4/18/2006 12:03:58 PM
	of 2290

HUI 1 year chart..there's a perfect 3rd wave in there.. wavegenius.blogs.com The area in grey is precisely 1.618 X W1, which qualifies as a pure 3rd wave...area in yellow a W4, and now the 5th wave up... .618 X w1 + w3 target is 385-390.. but as you know, gold is notorious for 5th wave extensions, so that would be "one of the targets" 5th wave extensions act like 3rd waves...rare..but they happen frequently in gold and commodities..

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