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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (68598)	3/15/2003 10:35:13 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

patron, interesting. Fwiw the last count I did and posted, which was basically since first of yr., reflects this count. However I've been sitting here today, redoing it, thinking it invalid. The alternative to this count that most appear to show is about just the opposite of this count - and that is that the big (1) has probably just ended. Per this more bearish outlook the C down shown in this count would then be the beginning of a major correction. Confused!! Most of the charts per standard TA look like chit. My plan is to watch this rebound in progress and watch the fibs on the retrace (of this C). About the only positive in the last several weeks is that the indices rebounded when POG tanked. Was it just a technical thing or were there reasons? The COTS look better if you place any stock in those, but still not great. What do patron and anejo mean?

To: patron_anejo_por_favor who wrote (68598)	3/15/2003 11:04:06 PM
From: Joan Osland Graffius	Respond to of 209892

patron, My conjecture on the price action in gold is the large speculators knew the Bank of Canada was going to or was selling gold. Until these banksters quit selling gold the large speculator will let them sell at low prices. <g>