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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: morokko65 who wrote (26019)4/17/2005 3:26:49 PM
From: blind-geezer  Respond to of 60929
 
financialsense.com

from Frank Barbera
For most investment advisors active in Gold, the larger background warning signals, which have been building steadily over the last two years, have left them extremely uncomfortable not owning what could be one of the few defensive investments of the next 5 to 10 years. For this reason, a number of gold investors have had to endure a few hard months of negative returns during the early portion of 2005. While owning a stock group during a correction can be trying, there is likely good news on the immediate horizon for beleaguered Gold investors. The current medium term decline in Gold Stocks appears to be within a few short weeks of recording its next major low. While I continue to expect some high near term volatility, I believe that the second half of 2005 will kick off a cycle of unprecedented returns for heretofore patient gold investors.




To: morokko65 who wrote (26019)4/17/2005 4:17:29 PM
From: nspolar  Read Replies (2) | Respond to of 60929
 
I think it was actually below 1000. There seems to be a pivot on the monthly chart at around 960.

In reality I have no good idea. It would seem difficult to go that low - but go look at corrective patterns on the Nikkei. It made some really wild swings over a short period of time when it was doing an apparent B. So I think it can happen here as well.

What I was looking for was some sort of ABC pattern. It does not seem to me the C has yet occurred. Prior to this most recent period I had Nasty in a 5th of A. But I think that is likely out here now and I don't feel the last move up was an impulse. There seems to have been too much slippage for this move down not to continue, after a rebound at some point. All in all the last move up now looks more abc like to me and thus would fit the b of B scenario. The b can go higher than the A top.

If Nasty is in a c of B down, it should correct down to some fib retracement off the A up I would think, as opposed to the top of the b of B, but it could work out either way.

In a year plus we should know how it all turned out I would think.

As for USPIX you would want to look for an inverse pattern off the last top. For a several reasons I won't divulge I am still targeting early July or early August as a big top area, now it might likely be a ii of C per my latest NDX count. If we are so lucky Nasty may correct most of its losses back. That big Bradley turn in July has some merit imo and is part of the picture. If the latter half of this year is bad as I suspect, USPIX from the next top will make a really nice move, but one must remember the C of Nasty may not yet have happen. Thus at some point USPIX will reverse and slam to new low.

I just looked at USPIX, the monthly looks real good. It is turning up very nicely. If we have had a 1 of c of B down on Nasty, or about, the 3 of c of B will really heat up USPIX. May even take it back up to the 40 area, for a B top.

I also like the looks of CALVF here fwiw. If it turns the corner from here I think it will actually head to 2 bucks or so, before it puts in a top. It could even continue on to the the 6 buck Canadien area. OTOH there is a bearish angle too ... it could go to zero. However the only count that I can get to work out form late '01 is a huge bullish flat nearing an end. Madison is a very similar chart and I get that one the same.

I still have 2 million shares of CALVF. I prefer the 6 bucks route.

By the way I think your USPIX has been excellent and keep up the posts and good work.



To: morokko65 who wrote (26019)4/17/2005 4:58:53 PM
From: nspolar  Respond to of 60929
 
Here is my CAL.to count.

ttrader.com

It appears to be very organized to me, and I have no problems in coming up with this. I have shown all minor moves. I can not get a bearish count out of this, which would have to be an ABC of some sort. I can not come up with such.

It has taken me a long time to figure out what is going on with CALVF. That B threw me for a loop. There are several other small fry issues that have similar charts. On some I think they were actual ABC's. Maybe this is the case here, but I can not get it.

If CAL.to breaks this trendline here and up I think I will double my shares.

ttrader.com

The volume seems to be picking up, and the last volume spike was a black bar (2 days past). Not too long ago there were 2 additional volume spikes, both quite large, and black bars as well.

I see these sorts of formations regularly. Either I am seeing what I want to see or Barbera is correct. If the big move is about to begin it will confound most experts, by beginning with the little fries and perhaps some SA's. Yowser!