http://tinyurl.com/4dy3w
http://tinyurl.com/4pbb2
HUI fractal masterpiece by grinandbarrett
Started by
wxman
, Feb 05 2005 11:37 AM
2 replies to this topic
#2
SilentOne
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- Traders-Talk User
- 3,452 posts
Member
Posted 05 February 2005 - 12:22 PM
Hi Wxman,
Welcome to the lonely board. The other board that no one bothers to post gold comments on.
I mentioned in a recent post the Elliott Wave concept of alternation as applied to the HUI bull. Looking at those charts supports the idea that there has been no alternation in the corrective patterns since the 2001 lows. In other words, a full first wave up should have seen say a flat wave 2 correction followed by triangle 4th wave. It didn't happen as all corrections thus far have been too similar to say they alternated in form, and thus it is unlikely they are within the same degree of trend. The count is more likely to be something as I suggested in the ELWAVE post. The bottom line is that it is very bullish LT IMO.
As an aside, the FCS buy from last week is intact. It looks like Friday may have been it. We'll know next week.
http://www.capitalst...opic=6665&st=60
cheers,
john
Welcome to the lonely board. The other board that no one bothers to post gold comments on.
I mentioned in a recent post the Elliott Wave concept of alternation as applied to the HUI bull. Looking at those charts supports the idea that there has been no alternation in the corrective patterns since the 2001 lows. In other words, a full first wave up should have seen say a flat wave 2 correction followed by triangle 4th wave. It didn't happen as all corrections thus far have been too similar to say they alternated in form, and thus it is unlikely they are within the same degree of trend. The count is more likely to be something as I suggested in the ELWAVE post. The bottom line is that it is very bullish LT IMO.
As an aside, the FCS buy from last week is intact. It looks like Friday may have been it. We'll know next week.
http://www.capitalst...opic=6665&st=60
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
wxman
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- Traders-Talk User
- 139 posts
Member
Posted 05 February 2005 - 08:03 PM
some may not be able to view the first figure-this one should work
http://tinyurl.com/5b32x
