John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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From: nspolar	4/1/2008 9:50:55 AM
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Looks like gold and the precious metals are having a bit of hard time. Twas a bit strange imo that none of the EW experts mentioned anything about the structure of the last move up, visible on the HUI, XAU and GOX. TF noticed something going on here before the first wave of the whole last move completed. Is that a 5th wave diagonal I see? How far and how fast does a 5th wave diagonal retrace? Are there other commodity related indices that did a 5th wave diagonal? And what about Prechter's long standing prognosis, what was he really saying about gold, all along? Mo this evening. Time to hit the highway.

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