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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (33821)	11/23/2003 2:36:41 PM
From: SwampDogg	Respond to of 36161

The scale on your chart putting us in the iii of 3 looks off. The scale between the degrees of the extended wave 3 do not jive with the scale of the Wave 2 which is of one larger degree. Although we may have much higher to go in the near term, it seems that we are most definitely in a Wave 5 or a Wave C at the present time. Should be an interesting week and I hope that we go to $450-$500 so we can confirm the bull and at least clear that part up. I want to be bullish here believe me.

To: nspolar who wrote (33821)	11/23/2003 3:48:48 PM
From: nspolar	Respond to of 36161

As a follow on to my alternative HUI count .... I have been piddling with some graphical projections relative to a longer term timeframes. As to interpretation they are quite subjective. I can not ascertain the validity of the alternative count (no one can do that with any count), I can say there is nothing technically incorrect with the count, imho; and in regard to some longer term projections this count would suggest a top in the HUI in 3rd qtr of 2004, probably the latter part of that quarter. As to the value of the HUI at that point - I can only say it will be way beyond where we presently are, assuming this path comes to be. I also literally enjoy drawing out the contrarian indicators to the HUI and gold bull. There are several posters that I follow, and they are still strutting their stuff. When they start turning bullish gold, I sell. No guarantees and you must do your own dd.