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To: nspolar who wrote (89027)1/9/2004 8:54:18 PM
From: SwampDogg  Read Replies (1) | Respond to of 209892
 
The lack of participation of many of the golds here is possibly characteristic of a Wave 5 not a Wave 3 and the RSI has a negative divergence.

The large triangle before the last move up is also characteristic of a Wave 4.

I am not calling a top in the golds here and would welcome a big move higher in the coming weeks but it is likely IMO that we are close to the end time wise of the first big move.

FWIW I have the Wave 1 of (1) in the POG as the spike way back in 1999. If this is a longer term bull that is the place that Prechter went wrong.