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To: Tom Byron who wrote (9495)6/17/2000 5:38:00 AM
From: sea_urchin  Read Replies (1) | Respond to of 81502
 
Guree : Are you asking me to decode that graph?!

Firstly let me say that the comment, "What I found interesting was the way the chart begs the conclusion that a killer wave 3 to the upside is hanging over the market in the near-termish future. I see a clean wave 1 up followed by an A-B-C back down. Almost too picture-perfect in fact." is completely Greek.

All the same, I do find the terms "killer wave 3" , "hanging over the market", "clean wave 1 up", "near-termish" , "too picture-perfect" and "A-B-C backdown" very amusing although I haven't a clue what they mean.

Maybe Brother Thomas Drake can help you to unravel the mystery of what appears to be the opinion of a very esoteric cult. As you know, he is a cycle expert.



To: Tom Byron who wrote (9495)6/21/2000 10:38:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 81502
 
what does one make of this london gold chart attached to the end of this posting from the longwaves group

Kinda reminds me of those charts we see batted about regarding the current stock market "mania".

And there is a SERIOUS gap still waiting to be filled at the $150/ounce level.

It also appears that when gold broke below $350/ounce, it may have nullified the concept of a wave three rise. I see the parabolic trend line from $50, $150, and finally $350 has been broken to the downside and now, as we all know, the market it bumbling around to find support in what some could equate to a descending triangle chart formation.

Sometimes it's good to see these really long-term charts on commodities. I appreciate your posting it Tom.

Regards,

Ron