XAU Gold Index - Elliott Wave Schematic update


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XAU Gold Index - Elliott Wave Schematic update

By: Brian C. Dobson, Elliot Wave Analyst

-- Posted Saturday, 22 February 2003 | Digg This Article Digg It!

-- Posted Saturday, 22 February 2003 | Digg This Article

Brian C. Dobson, New Zealand

Previous Articles by Brian C. Dobson

Elliot Wave Analysis is not fortune telling or forecasting. Elliot Analysis is a method of measuring human behaviour. It enables one to put forward a number of scenarios as to how the markets 'might' behave in future by looking at how they have behaved in the past and analysing them with the Fibonacci number series. The Fibonacci series is a mathematical model based on the Golden Number 'phi'. This number can be used to describe many natural processes including human activities.

So here are some choices. These are the most likely ones as decided by this analyst. There are others that are not presented here as the analyst has discounted them for now. As the present unfolds the analysis will change and these other possibilities may then be considered. Buy the book Elliot Wave Principle by Prechter & Frost to get a better understanding of the waves.

TMM.v - Click her for more information on Timmins Gold...

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