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 (448)	11/10/1998 10:21:00 PM
From: TrueScouse	Read Replies (1) of 520

Claude: Thanks for your comments -- although I would prefer not to think about the EWT scenario! If I was being the true technician, I would simply follow the trend and sell short if gold goes to new lows. But when you're trading gold stocks it's not that easy :^( The main problem I have with Elliot Wave is that it's main practitioners (Prechter et al) made a great call in catching the crash of October 87, but then they were consistently wrong for the next 10 years and their followers missed out on a bonanza in the equities markets. But I agree that they have done very well in the pm market in the last 2 or 3 years. So I'll probably wait and hope that some of my lemons survive and that others become 10 baggers and help recoup the losses of the last 18 months. Maybe LLL will be one of them -- but only if the POG makes a big move up -- at least $50 as you say. Regards, Howy

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