The
"surprise" explosion in the price of gold did not come as a surprise
to WolfeWave practitioners. As savvy investors know, the share prices of
gold stocks often rise before the price of the metal. The above
weekly chart of ASA has a beautiful WolfeWave that telegraphed the move weeks in
advance when it hit the 5 point. It then went on to nail the target
line. This kind of critical analysis on long term charts would be
extremely valuable for mutual fund managers and the like. Without knowing
how to properly "time-frame" a wave, a trader would be at the mercy of
analysts that recommended the stock just as it hit the target line.