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To: Jim Willie CB who wrote (260061)	9/11/2003 9:39:03 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Pretcher is useless, not that you did not know already. Look at this. He reverses again and changes his mind on 382 gold breakout. Let's recap. Pretcher was bearish on gold for the entire move from 250 to 380. In June he changes his picture from 400 down to 380 as his bull point. We hit 380 but that is not good enough and he is back looking for 200. Is this guy totally 100% useless or what? I predict he reverses again when we hit 420. He will load the boat at that point. Then we plunge back to 385 and he dumps and shorts for the surefire move to 200. At which point we do a slow grind up to 500 and every realizes that he is a complete fool. ============================================================ In his Elliott Wave Theorist released today 9/11/03, Prechter writes: I said in June that a move beyond $380 per ounce for gold would prompt me to return to a bullish posture because the odds would shift to 60/40 on the bullish side. Simplicity was justified three months ago, but the technical picture has changed dramatically since then, and that new information must be taken into account. The sentiment readings, more strongly than ever, support the "bear market rally" interpretation. Within that picture (which will be featured in the next EWFF), gold is in wave 5 of (C) of an (A)-(B)-(C) rally that began four years ago. So I still look for another bear market wave to follow. www.elliotwave.com