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XAU and HUI shatter support


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#1 senorBS

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Posted 19 March 2008 - 09:10 AM

near HUI 507 and is MUY GRANDE happy he was totally out of this sector! With 188-189 support shattered Senor has to wonder how low prices might go. Be muy careful out there amigos, this is a muy dangerous market! NO BS Senor

#2 dharma

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Posted 19 March 2008 - 09:18 AM

yes it is, and has been. i am watching the parabolic rise off the august 16th lows, and so it is in tact, should that break, then we are in for a larger correction, if not, then this is just background noise. (i use french curves to watch and gauge the market, they work very well). my work shows lows in april and then again in june. then new highs into years end. dharma

#3 Gold3600

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Posted 19 March 2008 - 09:18 AM

Gracias Senor! Happy Amigo following your call! Will wait and see going forward?