Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (13332)	6/13/2006 11:14:01 PM
From: SwampDogg	Read Replies (2) \| Respond to of 78428

IMO the time scale would be wrong if that were the case. If we were correcting the whole move from $250 one would probably expect the correction to take at least 2 years. As the stocks corrected for 18 months from 2003-05 that looks more likely to be the longer consolidation. Gold did an irregular correction during the same period. The other possibility is that this is a sharp Wave 4 correction and we have a Wave 5 blowoff into 2007. The correction in the $SPX in 1998 was a Wave 4. Either way this is a sharp crash correction and we should be back up the other side soon. Market just needs to get it legs.