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HUI -- Getting Closer?


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#1 Geomean

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Posted 05 December 2017 - 12:25 PM

The HUI daily chart should print a TD Combo 13 buy signal today and a TD Sequential 11, and it is getting close to the .382 extension ( @ 176.82 ) of sub minuette wave 1~3 of minuette © (to complete minute wave (B) of minor C of a intermediate C) ( so the next wave should be pretty powerful as a 3 of a C of a C).  The 100% extension of minuet a is at 180 has been hit.  However, the momentum is still accelerating down on the daily chart.  

The GDX Demark counts are not as developed and none could complete until next week, and the 100% extension is 21.27 about 50 cents lower.

Waiting and watching patently at this point.

 

Gonna hold on to my GLD short but tighten the stop to break even as gold has broken below its October low and the 100% extension of leg down from the @GC Sept high is about 1206.50 The gold chart could be viewed as a thrust down out of a triangle.


Opportunity knocks on your door every day-answer it.

#2 dougie

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Posted 06 December 2017 - 01:12 AM

Nice work