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To: mishedlo who wrote (65734)2/7/2003 10:01:40 PM
From: ajtj99  Respond to of 209892
 
Mish, Max Pain levels for this month:

Message 18553362

Max Pain being within reach does not mesh well with that bearish count.



To: mishedlo who wrote (65734)2/9/2003 12:50:00 AM
From: nspolar  Read Replies (2) | Respond to of 209892
 
Mish, re gold counts:

My current view for this leg up in gold is that POG is around the iv of 3. I am sticking to this count unless gold breaks down below about 365.

My current view of the indices is that they have all but finished a 2, for this leg. If they drop much from here I would have to seriously re-evaluate. Thus the indices are lagging a little, but not tremendously.

Re Brain's LT count I do not agree with it. Look at this.

stockcharts.com[l,a]waclyiay[df][pb50!b200][vc60][iUb12!La12,26,9]&pref=G

If the XAU completed a three in early June 02, it could not have corrected as far as it did. It way overshot the top of the 1, therefore Brian's count would seem invalid here. Brian chose to use the HUI which did not do this, but I believe both should be in sync.

I believe POG, XAU, and HUI are all basically in the same count, and in a LT 3 up as we speak. The 1 for each started in late 02. The action prior to that time, off the bottoms was corrective.

Who is right and who is wrong? Time will only show. However I don't believe SKI would have gotten a triple buy per his method, if we were in the 5th.

There have been many wrong counts on POG, XAU, and HUI; from the get go, and price action prove it. This thing has all the readings of being in a continuing bull.

My read of gold sentiment does not indicate it frothy, just volatile as it should be here. It is still very much within its rising channel.