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.

Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (549)	5/17/2008 10:17:06 PM
From: Galirayo	Respond to of 3209

I think this count might be close to the one Ski worked up last month or so. It agrees that GOLD / GLD may be in a 5 up now. Seems Right to me. stockcharts.com[s67199592]&disp=P Message 24467083

To: NOW who wrote (549)	5/18/2008 5:33:06 AM
From: skinowski	Read Replies (1) \| Respond to of 3209

such series of 1's and 2's are likely to mislead and to turn out to be something different When waves overlap and we start counting series of 1's and 2's - we enter the realm of hope. More often than not the large "3" will not happen. It will fizzle. It MAY happen, but the odds are not good enough. Been there, done that - too many times. Right now, in other words, HUI is just as likely to rally as it is to decline - or, to range. All we have for the moment is a zigzag down, and a bounce in progress. No edge -- no setup.