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Coffee Shop
Third Wave of Foreclosures
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<blockquote data-quote="Ryder" data-source="post: 666320" data-attributes="member: 663"><p>Elliot Wave is often very difficult to read. Waves within waves and patterns within patterns and so on.</p><p>EW technicians usually have a wave count and also an alternate wave count if they are wrong on the first one.</p><p>I make no claim to being an expert on the Wave and certainly have not done any original research. However, I have seen the wave often work very straight forward. Particularly with gold. </p><p></p><p> Looking at weekly gold charts right now, it appears to be fairly early in a "C" wave up. A "C" wave is a third wave and third waves are relatively long. </p><p>On this basis, gold is a screaming buy. </p><p> Always remembering, that in the final result, the market will do as it dam well pleases.</p></blockquote><p></p>
[QUOTE="Ryder, post: 666320, member: 663"] Elliot Wave is often very difficult to read. Waves within waves and patterns within patterns and so on. EW technicians usually have a wave count and also an alternate wave count if they are wrong on the first one. I make no claim to being an expert on the Wave and certainly have not done any original research. However, I have seen the wave often work very straight forward. Particularly with gold. Looking at weekly gold charts right now, it appears to be fairly early in a "C" wave up. A "C" wave is a third wave and third waves are relatively long. On this basis, gold is a screaming buy. Always remembering, that in the final result, the market will do as it dam well pleases. [/QUOTE]
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