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To: nspolar who wrote (59100)	11/10/2002 12:39:08 PM
From: Shack	Read Replies (2) \| Respond to of 209892

I don't know about a SOX 500 to 700 Well if you think we are in a '2' of a 5 wave move then it projects at least that high for this wave. Not to mention that 5 wave moves never come alone so you are expecting yet another 5 wave move up to go along with the one you think we are in. RE: XAU Since the early June top we've had a 5-3-(?). I think the question mark is a 3 and we've just completed the 2 of that 3. I don't see that nspolar. I see a 3 wave move into the July lows, a 3 wave move up to the Sept highs and then comes a i-ii to where we are now. We could put in one more wave down as you suggest to complete a 3-3-3 which would be a "double '3'", but beware because the next wave down could be (and I think more likely) a '3' of 'c' down which projects at least to 43. FWIW, the XAU correction which began last at that June high projects possible new lows there. ALthough I do not follow them like I used to, I am not bullish on golds right here. However there is a bullish possibility that we saw the entire 'c' down already and we are going to bust up to new highs right now. This would be a neat place for a straddle becasue I think a large move is coming in golds...one way or another. Standard TA indicates this highly likely re the current XAU. Can you expand on this? What does it mean?