4 replies to this topic

[mss]

90% of all my trades/positions are based on the HUI as most of the gold stocks I wont are there or track close enough for my use. The following charts are daily plots of closing price and 8 & 34 ema of same. The PIVOT, S1,S2, R1, R2, are all this weeks, 6/1-6/4. On the chart is ploted only S2 & R2 & Pivot. IMHO the HUI is on "buy", time will tell. mss


For those reading my posts for the first time, I have been scaling in on gold stocks right after I got a postive signal on the BOP charts. Comments welcome,

[The_Gold_Miner]

I think scaling in is warranted at these levels with the current technical readings. What is your stop?

[mss]

I have been scaling in from 82+/- XAU & 173 HUi with a 5% trail. will snug them as I see needed. mss

[The_Gold_Miner]

Looks like I'll be jumping in right behind you. I'm hoping for a little selling this week to bring the index down as my model hits the buy signal.

[mss]

The weekly PIVOT points will be critical, HUI - 197.84, XAU - 88.80. with S2 being "all bail" Best to you, mss