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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Berk who wrote (20860)	7/22/2010 12:01:17 PM
From: Scoobah	Read Replies (2) \| Respond to of 48092

Precter was great in the 80's bull market, when we were all genuises, he stated boldly a few months ag, that investors were being given the last chance to sell their stocks over 10,000 dow, for the next decade, he is being roundly rejected on that and if the dow breaks out over 10,400, we may very well see a major move up

To: Berk who wrote (20860)	7/22/2010 12:49:04 PM
From: Wade	Read Replies (1) \| Respond to of 48092

Agreed. The correction start from the May top looks like completed abc wave correction and now we are going to test the old high ~1260 and break out. We shall see. But, it has to breakout the trendline first as you pointed out...otherwise the c wave correction will continue. However, if POG failed to breakout 1260 this up-leg would become d wave and begin e wave correction. Hope this is the scenario we are looking at.