Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: alburk who wrote (1271)	7/3/2008 5:42:43 PM
From: alburk	Read Replies (2) of 3209

sorry about double post, didn't get the charts embedded correctly... AA, is this what you are anticipating w/ regards to gold/gold stocks? A 'C' down would project to approx 76, or approx 17 points. Looking at the US$, it is difficult to see an obvious rally count...it would need to hound out of the bearish flag/channel off the lows. Gold stocks today acted more skittish-ly than the metal, though they recovered somewhat later in the day. Many "gold bugs" seemed to expect that the US$ would fall with the ECB rate increase. Instead, it spiked upward...hard.

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