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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (13853)	6/4/2002 10:47:19 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

vt/crusty; none of us are wrong here. I've been counting the minors in the 4 assuming it has started, and so far no violations but close (MO). Inference then is it is in progress until proven otherwise, and we probably know by tomorrow or Thursday. No need to go into any more detail about it this evening. However we all know something could happen tomorrow to force a count change and crusty your possibility is not outlandish at all. <...with a little help from the falling dollar and DOW, POG could run to $350 and the XAU could hit 98 before we see the wave 4 pull-back.> Lot a chit going on right now. You can bet some behind the scenes action is taking place as well. Be interesting to see how it plays out here. Right now gold is getting hammered so the corrective 4 count continuing appears to be the golden horse. If it does continue I might post a little more about why 79 might no longer be my prognosis for a low. That depends on the action tomorrow, but as I now see it shaping up, pretty good possibility. If POG retraces a fair amount, you can bet the indices will correct quite a bit. By the way I might add I've sensed some of the stocks I follow weakening (I think), maybe considerably. BGO back to a buck ... could happen. Not one of my favorite stocks going forward, but I would probably have to buy some at that price. DROOY at 4 or sub 4 again? I could handle that as well.

To: crustyoldprospector who wrote (13853)	6/5/2002 12:12:25 AM
From: gold$10k	Respond to of 36161

Crusty, Pretty interesting. Thanks, vt

To: crustyoldprospector who wrote (13853)	6/5/2002 1:24:26 AM
From: nspolar	Read Replies (1) \| Respond to of 36161

crusty, I looked at the Sharelynx volatility chart earlier today as well, but don't put that much importance on it anymore. One would expect the volatility, as measured here, to decrease significantly in a true bull run. The sentiment charts I think are more applicable to the present times. But that gold seasonal chart of yours is very interesting. Thanks for posting that. It suggests a possibility that maybe we are all correct here, we just are not opening up to the beyond. We could go through a corrective 4th here (that vt and I are talking about) but it is very short. Then a short 5th as well. Over the summer we then go through an A B C corrective sequence, and when through in early fall we start another huge impulse up. That is the one NOT too miss. Well in time to put your USPIX gains back to work.