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

To: jjplo who wrote (29782)	6/29/2005 12:30:52 PM
From: Eva	Read Replies (1) \| Respond to of 60918

<This is the first indication of breaking the 69 Trading day cycle. It would imply that the gold stocks are going to go up instead> It's tuff being the only bear on a bull thread eh ????? Oh, I forgot my friend blind geezer, well he does not really count , he is blind gggggg LMHO

To: jjplo who wrote (29782)	6/29/2005 12:44:22 PM
From: nspolar	Read Replies (1) \| Respond to of 60918

jjplo, don't mean to nitpick, only offer some EW assistance. The first implication was given quite some time ago, when the HUI hit about 196. We discussed it a bit here in The Shed. It was an EW implication, but not a confirmation, based on EW wave rules. Some may have concluded this alone was confirmation, but allowances for a small kitty is often good to throw in the pot. In any case confirmation would seem to have since came, as the HUI has now exceeded 200. Per wave rules this at least temporarily seems to rule out the Big C down to 140 scenario. Imo more than temporarily as well. I have the HUI on a trading cycle up, and think it could run into August, before a decent top. I have not concluded the vaunted 3rd wave up has started. It may have ... don't know. Need more data. If it has started classic EW'ers will have a hard time coming up with an EWchart, at least imo. It appears there is a lot of confusion within the whole system. I wonder if we can start throwing a lot of things we have looked at over the years out the window. Most of these things are based on history wherein gold was in a long down draft, especially vis a vis the dollar. These include seasonal factors and COTS. Gold is obviously slowly but surely breaking free, and will not necessarly be tied to any currency or any seasonal cycle. It will make its own rules. That is way I look at in any event. I have posted this chart before. It furnishes solid evidence of what is going on, globally, as it is a global dimensionless gold index. Dimensionless in the sense that is not directly tied to a currency. The BO is a nice site to behold. sharelynx.net