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To: skinowski who wrote (63540)1/12/2003 9:39:21 AM
From: UnBelievable  Respond to of 209892
 
"The Chart Of Life Is Drawn By An Interplay Of Unpredictable and Deterministic"

Well said.

Frost and Prechter do point out though:

"All rules and guidelines of the Wave Principle fundamentally apply to actual market mood, not its recording per se or lack thereof. Its clear manifestation requires free market pricing. When prices are fixed by government edict, such as those for gold and silver for half of the twentieth century. waves restricted by edict are not allowed to register. When the available price differs from what might have existed in a free market, rules and guidelines must be considered in that light."

This would seem to imply that at some point action on the part of the government or some other agent could result in conditions not consistent with the operation of a free market to be recorded, and in those cases the prices recorded potentially would not reflect the prices which would have been recorded absent such intervention, and therefore may not act in a manner consistent with Wave theory,



To: skinowski who wrote (63540)1/12/2003 9:57:04 AM
From: At_The_Ask  Respond to of 209892
 
markettrak.com

Apparently the markets now yield more than tbills.