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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (26)	3/16/1998 10:59:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, I wanted to send you a private email so that I didn't clutter the thread but I guess that capability requires you to list your email address. In any event, I have been looking at the forecaster, after reading your tutorial, and have been trying to understand what is being forecast. Until I read your message, I had concluded that it was short-term neutral and intermediate-term bearish on the XAU at this time. I see that, short term, it previously bounced off the upper bollinger band but it appears to be hitting resistance at the moving average. When I study this and other similar charts, I note that it frequently bounces off the median. On the other hand, the intermediate term indicator appears to have given a classic sell signal and suggests that the XAU is headed for about 70. Perhaps I have this one right as this is consistent with your comments. The long-term forecast appears to be bullish and appears to suggest that the XAU is headed for 100+. It strikes me as interesting that the intermediate- the long-term forecasts are consistent with Auger's Elliott-Wave-based forecast. If you have time, I would appreciate your comments on my observations Thank you again for your help. Cheers, Larry