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bobby: ..."Time is on our side. Yes, it is.":).... The Xau, Gold, The Bond Markets, The US $ all appear to be in somekind of a holding postion. Waiting for what?? I say, "time". The XAU weekly chart has now put in 9 1/2 + weeks form the bottom of January, 12, 1997 (a monday). I say my 1-2 is completed. We are now entering the "3" wave up to the top of the current 38 weeks cycle and quickly approaching the top of the 114 weeks cycle. IF things go as I hope, expect, we now need some "fundamental" trigger to get liftoff. With about 9 1/2 more weeks to go to the top (about the tail end of of May, 1998) we could get a nice ride up. Since the 114 weeks top is being approached, the question is what "highs" on the 114 weeks cycle will be taken out. Sitting here at the library. "Just waiting for Time." (Godot)...Yipes!! The low was January 12, 1998. |
