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To: pater tenebrarum who wrote (57482)8/19/1999 10:38:00 PM
From: Lucretius  Read Replies (3) | Respond to of 86076
 
exactly -g-

have a look at this... if we assume the dollar will return to its 1995 levels against most currencies and this entire stock and dollar move from the Oct lows was a liquidity driven, central bank printing, mania move.... then we measure the move of the horizontal action of ASA from its Oct high till now and project that length vertically from the oct high... it projects to 50 (just where one would expect assuming a dollar move to 1995 levels and a gold crash-up to 1995 levels) we assume here that gold SHOULD have continued higher after its spike bottom in 1998 but for concerted activity in propping the dollar. in a normal mkt, gold and its shares would have already discounted the coming moves in currency, equities, and bonds.... but this is NOT 1987.

then we measure the DOW's move from the oct low till now moving horizontally.... the we measure that length vertically down from the OCt low and we get 3300 or a full retracement of the blowoff wave from 1995 levels.

coincidence?