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

To: NOW who wrote (1708)	9/10/2008 5:16:23 PM
From: skinowski	Read Replies (1) \| Respond to of 3209

TE, it looks to me that on GLD the $72 level is important. It would be ~62% retracement of the advance since Oct 2006 - AND the top of May 2005. Below 72 you start having important overlaps. As for structure.... hard to tell. It could be a passable ABC down off this years top. It could also be read as an ABC-X-ABC, with "X" ending last July. A couple of previous charts for perspective. I'd say the second one forecasted events pretty nicely... so far. Message 24467083 Message 24760781