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Strategies & Market Trends : Mike's Big Adventure Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (342)8/28/2004 7:46:08 PM
From: Square_Dealings  Read Replies (1) | Respond to of 1791
 
js

just figured out metal prices for this wave

copper: 2.31
gold: 662

looks like the 3rd started in the last two weeks. the end would project out to around 07/05

to see FCX and most of them you need to go back further in time. if you can get FCX back to 1994 at least you can see that the five wave move you see would actually be (cummulative) the first wave 1 of the major move. we have had three wave correction (wave 2) and now 3 is starting according to my count.

p.s. the targets i get are just pure mathematical based on fibonacci and elliot wave. when i looked at these charts today on the longer term basis i was surprised how well the fibonacci relationships matched

a lot of analysts in gold stocks talk a long term perspective but it seems they mostly look at the short term

M.