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XAU & HUI 6/24 Update

Started by mss , Jun 24 2005 04:45 PM

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3 replies to this topic

#1 mss

I'M WATCHING

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Posted 24 June 2005 - 04:45 PM

Suggesting that the basic trend and strength is still up. The 8ema is above the 34, price is above the weekly pivot, and BOP is above the "0" line. There is always the chance of a decline, but at the present no sign of true weakness.

Comments welcome,
mss
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WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

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#2 Slothrop

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625 posts

Posted 25 June 2005 - 02:34 PM

I agree.

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#3 Not Too Swift

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Posted 26 June 2005 - 03:03 PM

MSS,

Great charts.

The HUI could be approaching a top if the dollar stays firm and the stock market continues to weaken.

Swift

HUI Weekly

Edited by Not Too Swift, 26 June 2005 - 03:06 PM.

I let the market tell me what to do. The trouble is she mumbles a lot, and I'm hard of hearing.

1576 ONO. Upside down, reverse, inside out, snort...

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#4 mss

I'M WATCHING

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6,182 posts

Posted 28 June 2005 - 04:58 PM

What a difference two days make in a simple analysis of HUI & XAU. Price has turned down thru the 8ema, and below the pivot, and the BOP has broken a trend line to the down side -- oh well, we shall see what two more days do for us.