Lyon Lake Mines Ltd Message Board

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Gold/Mining/Energy : Lyon Lake Mines Ltd

LLL 245.17

-0.4%

Jun 28 5:00 PM EST

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To: Claude Cormier who wrote (443)	11/10/1998 2:25:00 AM
From: TrueScouse	Read Replies (2) of 520

Claude: <<$315 is the critical level. But keep in mind that, even if we get there, the EWT guys are calling this rally from September 1, a wave 2 up, to be followed by another decline with the XAU going to 35.>> I can see where they are coming from as Elliot Wave theorists, but I'm afraid I've never been convinced of EWT's predictive power. I see the action since Sept 1 quite differently, with the recent correction being a possible 50% retracement from the Sept 1 uptrend. Based on that theory we should test the recent high from here. But I may be wrong! <g> Either way I'm delighted about the LLL news. Now it is clear that they will not only survive the downturn but also prosper in the next bull market. Regards, Howy

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