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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (632)	8/17/1998 8:59:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81011

Good morning, Mr Murphy. I was passing by and found myself in your "thread". So, I am pleased to make your acquaintance, sir. Apropos Elliott Wave Theory, it is my opinion that no-one understands it, including the "experts". In fact, from month-to-month Y. Auger changes his opinion and then modifies the squiggles on his charts. Not surprising. The original theory was based on the psychological behaviour of traders in relatively simple markets. I do not have to tell you that the gold market is anything but simple and, today, involves derivatives, forward selling, CB manipulation, relationship of gold prices to currency valuations etc all of which have to detract from the validity of the theory. In fact, the last thing one could say about the gold market, in my opinion, is that it is based on the psychological interplay of the various speculators/investors. Regards Searle