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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (82609)	4/6/2007 9:32:39 PM
From: Sweet Ol	Read Replies (2) \| Respond to of 206325

to fathom next 14 years, look back to past 14 until 1992. That's what I usually do. How much changed in the past 14 years? That gives an idea of the pace of change. In an stable country like Canada, it will not change too much in the next 14 years. The problem is that the rate of change is accelerating. So the amount of change that occurred in the last 14 years may be something like what will happen in only the next 8-10 years. Trends may continue, but developments will happen much faster. Also, Elliott showed that things don't happen in a straight line, but in waves whose length is not very predictable. The error in linear extrapolation depends on where you are in the cycle when you start extrapolating. Think about extrapolating a Sine wave. Best to all, JRH