good news!

[pms]

Well I've seen many elliot wave charts in articles by the gold buggies, so
I'm familiar with the waves.  So far I have not been able to delve into one
of the articals for any long period though.  That's why I wonder what you
find "mystical".  I know that some of the same gold sites that talk about
elliots also get into this really long wave story that says we are now
entering the Konderdriff(or something like that) Winter.  Very gloomy
period. Survivalist inducing theory.  That stuff with a little religion in
the mix could easily be projected as the "end of days".  Is that what you're
talking about?  The thing is, I can see a lot of reasons for this kind of
outcome, but I have to wonder if it hasn't been "spun" for years so that
when it is actively brought to existence we've already got the backgrounder.
I've been looking through a book I picked up for a quarter at the thrift
story many years ago by one of these guys, named something like
Skoussen(left it in the car).  Some interesting chapters, like when he talks
of Hayek and Mises(sp?) and says that school predicted the collapse in '29.
I think they're onto something real when they talk about monetary inflation,
but like on the chapter on the cause of  unemployment, they get all
ideologically and the lack of substance glows through.  Something is going
on.  Gold is being promoted all over the right-wing world.  Gold mines are
of interest to a wide assortment of rogues  I'm running into folks like
Haliburton and the Elliot Associates hedge fund which successfully sued Peru
a while back.  Peru had to pay off some debt Elliot bought  real cheap.
Elliot pressed several  multi-national set suits that barred Peru from
paying off their Brady bonds until they settled for full payment, plus
interest.  There's a Chilian guy posting on The Mining Web who says one of
the big miners is not only trying to steal his land but that they've been
reporting resources in their financial reports, even though there's a court
injunction on the property.  Other hints of stories of bottom fishing
economic terrorists going for the gold.  Really need to check out more
mining companies BODs.
----- Original Message -----
From: Doug Henwood <dhenwood at panix.com>
To: <lbo-talk at lists.panix.com>
Sent: Saturday, August 31, 2002 1:34 PM
Subject: Re: good news!


> pms wrote:
>
> >Mystical in what way?
>
> Elliott Wave theory is a structural analysis of market prices. At its
> simplest, trend-following moves are divided into five waves, and
> countertrend moves into three. So in a bull market, you get an up
> movement followed by a down movement followed by an up (usually the
> longest and most powerful) followed by a down and then a final up.
> Then you get the correction, which is a three-wave move -
> down/up/down. Reverse all those terms for a bear market. This
> structure can be applied from the very short term (days, hours,
> minutes) to the very long (years, decades, centuries). It's
> splendidly weird. There's at least one other listmember who indulges
> in this secret vice, but I won't reveal his name, because it might be
> kind of embarrassing.
>
> Doug