2 replies to this topic

[gannman]

my take on the hui is that wave 4 bottomed aug 16 at around 284. we are now in wave 5. i believe we have completed waves 1 and 3 of wave 1 of 5 and are about to go into a wave 4 correction followed by a wave 5 to complete wave 1 of wave 5. i believe wave 5 should take us up to about 600 in the hui eventually. since the first two impulse wave were about 230 each i expect this wave to be about 300 points up from the bottom on aug 16. regards gann

[Russ]

Here's a chart to go along with your work. btw...i am seeing xau go up into August 2010 at this point in time. I hear James Dines on the radio today and his is still sticking to his $3000 to $5000 forecast for Gold in the coming years. He is alarmed that the US dollar is being destroyed by 'old white men' that turn on the printing presses to pay for a War or whatever else they feel like, which according to him those dollars have no bearing on the actual industrial output of the USA.
http://stockcharts.com/c-sc/sc?s=$HUI&p=W&b=5&g=0&i=p37383122491&r=9936.png

Edited by Russ, 15 September 2007 - 09:49 PM.

[gannman]

thanks for the chart Russ. i agree with you that this war in iraq is a huge mistake and is quite unproductive as far as the money being spent to finance it. the problem with all wars is that they are very hard to get out of so one must think long and hard about starting one imho gann