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


To: nspolar who wrote (39497)5/19/2006 7:27:55 PM
From: SwampDogg  Read Replies (3) | Respond to of 60929
 
Your scale is way off
It would be very odd to have a Wave 4 that took 18 months and then a 5 only 12 months
This is almost certainly a correction of lower degree. The only question is whether it is 1 or 2 degrees lower (ie do we bounce and then retest/go lower or does gold go to $850 right now?
Nice hammer to end the week. Should get some follow through, perhaps much more. Love the fact that gold/silver got down to those levels today. Takes a lot of the risk out IMO. Also like that some are looking to sell rallies.
The goal of every correction is to come out of it in one piece and hopefully with a better portfolio of names than one went into it with. Not a fun week but both have been accomplished.
Have a good weekend and its not too late to turn from the dark side