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Gold Elliot Wave with
Started by
johngeorge
, Dec 14 2005 07:36 PM
3 replies to this topic
#2
SilentOne
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Posted 15 December 2005 - 06:11 AM
Hi john,
The only question in my mind is whether we have a hard selloff in Q1 2006 or not. It occurred in early 2003 as a final shake out before the big run.
I suscribe to Petch. He is a good waver but I disagree with his running wave II correction idea.
cheers,
john
The only question in my mind is whether we have a hard selloff in Q1 2006 or not. It occurred in early 2003 as a final shake out before the big run.
I suscribe to Petch. He is a good waver but I disagree with his running wave II correction idea.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
TomD
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Posted 16 December 2005 - 02:11 AM
there are probably only a handful analysts who put as much care into thier counts as Petch...plus he does not let any biasis influence the way he counts up waves.
Health Canada has just released a study which shows that 100% of the population who have been exposed to whole milk products will die.
#4
SilentOne
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Posted 16 December 2005 - 06:26 AM
Hi Tom,
Petch is very detailed and careful with his counts. However, IMO, he is a little "stuck" on his running wave II count. He has been hanging onto this count for some time and he didn't exactly nail the May bottom.
Anyhow, my take on gold is that it put in a wave 3 top this week and we are in a 4 of the wave set. Hanky's chart posted here is a good illustration. Much more to come in Jan. IMO and the PM sector should "wake up" to this. We are already in a parabolic run (big wave 3) for gold and the coming weeks should reveal this.
http://www.capitalst...t=
cheers,
john
Petch is very detailed and careful with his counts. However, IMO, he is a little "stuck" on his running wave II count. He has been hanging onto this count for some time and he didn't exactly nail the May bottom.
Anyhow, my take on gold is that it put in a wave 3 top this week and we are in a 4 of the wave set. Hanky's chart posted here is a good illustration. Much more to come in Jan. IMO and the PM sector should "wake up" to this. We are already in a parabolic run (big wave 3) for gold and the coming weeks should reveal this.
http://www.capitalst...t=
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
