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Dear Doug:
Thanks for the interesting chart. If gold goes down $200 that looks not
only as interesting support, but the leg down will be the same length as
the previous one from $400 to $300. But to make that leg down requiters
real deflation (and suffering). We will know more by October 1999.
Please, let my know what is the technical tools chart book? I would love to
find electronic chart book. Never heard about one.
Yours, Alex.
At 02:34 PM 7/22/99 +0100, Doug Penny wrote:
>For what it is worth, some years ago when I followed Prechter he had a
>long term
>bottom Elliot count in gold of $179.
>Don't know if he ever gave up on this but it is looking better every
>day. The
>long term chart from 1976 also shows gold finds support and resistance
>at the
>$100 levels with the next at $200. I also find open interest interesting
>on the
>attached chart
>
>Doug
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