2 replies to this topic

[gannman]

i now believe the hui will run up to the 260 to 265 area and then have a good correction probably back into the 240s . this is a wave 3 so we have a long way to go. after we correct we are probably heading up to the 350 area on the next leg . all fwiw its as clear as mud

[tomterrific14]

i now believe the hui will run up to the 260 to 265 area and then have a good correction probably back into the 240s . this is a wave 3 so we have a long way to go. after we correct we are probably heading up to the 350 area on the next leg . all fwiw its as clear as mud

FWIW, The 21 day VOLUME put/all ratios of both the GDX and GLD are at historically low levels that have been coincident with past major and intermediate term tops in both GDX and GLD.

In addition GDX and GDXJ and $GDM have already hit the march highs. HUI is yet reach its March high of 260 ish.

See 2 year history chart.

http://www.schaeffer...aspx?ticker=GDX

[gannman]

its true its way way overextended but it is a wave 3. i do believe we will hit those targets but i also believe that any pullbacks will be tiny . thanks for the info.