Posted 13 November 2004 - 03:30 PM
Here are some interesting tidbits. Hurst envelopes are an excellent trading tool and reliable for confirming trend changes. No sign of weakness here. This should help you to stick with the uptrend.
If the HUI is just breaking out with a push over 240, what are these charts saying??
Conversely there is this.
Now here is a trend change in the works. Interest rates are about to head higher. I still haven't done anything about shorting bonds via TLT puts. But this is saying I should.
And yes, gold shares and the metal are outperforming the CRB.
Great charts here.
http://www.selectsectors.com/
cheers,
john
Edited by SilentOne, 13 November 2004 - 03:31 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain