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Re: Chary post# 14661

Monday, 11/07/2005 1:38:59 PM

Monday, November 07, 2005 1:38:59 PM

Post# of 19037
That formation from the 3 top is called a double running 3 correction and is extremely powerful and bullish.

I will have to do some checking, but I off hand (if I remember correctly) a standard move of 1.61 of the previous wave would be expected. That is quite a few nasty points up. If it happens the bears will finally capitulate in earnest.

Now get this .... gold imo did a triple running 3 correction. Extremely rare. I think gold has started its move up as shown, and first little correction was again extremely powerful. Gold is getting set to blow me thinks.

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