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[kwest]

Barrick chart doesn't look complete yet.

Wave 5 would equal Wave 1 at about $56. That's 7% above where closed tonight ($52.32).

(...not sure if this applies to gold generally.)

Channels project this potential happening in 2-3 days.

Of course the charts don't need to share my opinion.


http://stockcharts.c...9732&r=5873.png

[kwest]

To clarify, the ending Sub Wave of Wave 5 equals Wave 1 at $68. Altho Wave 5 begins in December, the Sub Wave starts in mid January, and although not an Elliott concept, is my take on a wave that has fixed itself (has reset its basis) after what otherwise was a breakdown in December.