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

To: chris714 who wrote (15902)	7/18/2002 10:45:32 AM
From: nspolar	Read Replies (2) \| Respond to of 36161

chris you asked: [how can a corrective wave follow a corrective?] The end of this 53535 would be the end of the A. The next would be the B. stockcharts.com[l,a]daclyiay[dc][pb50!b200][vc60][iUb12!Li14,3]&pref=G The XAU is in a pretty decent downtrend channel, as it normally would be for type of count done. One would expect it to hit the lower trendline here and bounce up. It is getting closer. Depending on how you sharpen you pencil and draw your lines the lower trendline is probably at least another two points down.