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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Berk who wrote (20860)7/22/2010 12:49:04 PM
From: Wade  Read Replies (1) of 48092
 
Agreed. The correction start from the May top looks like completed abc wave correction and now we are going to test the old high ~1260 and break out. We shall see. But, it has to breakout the trendline first as you pointed out...otherwise the c wave correction will continue.

However, if POG failed to breakout 1260 this up-leg would become d wave and begin e wave correction.

Hope this is the scenario we are looking at.
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