 still mining, ABX showing more to go |
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 Mar 17 2008, 10:07 PM
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#1
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 Member Group: Traders-Talk User Posts: 45 Joined: 1-January 08 Member No.: 6735  |
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. 
-------------------- When in doubt, cash it out.
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Mar 17 2008, 10:54 PM
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#2
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Member Group: Traders-Talk User Posts: 45 Joined: 1-January 08 Member No.: 6735 |
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.
-------------------- When in doubt, cash it out.
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Lo-Fi Version | Time is now: 3rd September 2010 - 12:01 AM |