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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (609)	4/28/1998 2:17:00 PM
From: Bruce McGaughey	Respond to of 749

Love it !!! You amaze me !! It's a little after 2:00 EDT on Tues. I'm sitting here watching some gold stocks and the XAU. It appears to me that we may have hit a short-term bottom and are beginning back up once more. I like the looks of the 10-day charts of PDG,HM, and yes, maybe ALTA. Does anyone out there agree with me that this may be the beginning of another leg up ??

To: ahhaha who wrote (609)	4/28/1998 2:37:00 PM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 749

How are you counting the waves on the XAU chart from the breakout in mid-March at 71 ??? As I see it, you could do it two ways: 1) wave 1 71-84 13 pts wave 2 84-80 4 pts wave 3 80-91 11 pts wave 4 91-84 7 pts wave 5 84-93 9 pts 2) wave 1 71-91 20 pts wave 2 91-84 7 pts wave 3 84-93 9 pts wave 4 93-86 7 pts I favor the second interpretation in that I've always been told that waves 2 and 4 should equal each other. In this way, wave 1 could be viewed as an extended wave, therefore wave five would approximate wave 3 and we could expect the next move (wave 5) to take us to 95. What do you think ???