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To: Little Joe who wrote (55693)7/5/2000 9:10:25 AM
From: LLCF  Respond to of 116767
 
<A lot of these Elliot Wave theorists and cycle gurus claim to be so good, but why are they shlepping newsletters>

Exactly... what does Tudor Jones think? At least he's made money AND called some good ones.

DAK



To: Little Joe who wrote (55693)7/5/2000 9:57:59 AM
From: Rarebird  Read Replies (1) | Respond to of 116767
 
<A lot of these Elliot Wave theorists and cycle gurus claim to be so good, but why are they shlepping newsletters.>

That says it all. There is no need to peddle a newsletter if the vast majority of your forecasts are on the money.

As for Gold, it's been easy to be bearish as the Trend has been down for 20 years. But as long as the XAU holds above the August 98 low, the ultimate resolution looks bullish.

The Bears howl the most near the bottom.



To: Little Joe who wrote (55693)7/5/2000 9:34:02 PM
From: Dale Schwartzenhauer  Read Replies (2) | Respond to of 116767
 
Point well taken. But I think we can use EWT with other forms of technical analysis (e.g. trend channels, moving averages, stochastics, time studies, etc.) By themselves, none of these is perfect, but together they can provide some clue to future price behavior. I'd rather use T/A as a leading edge of where prices are going, reinforced by fundamentals, rather than the reverse.

Dale