From Wednesday, May 11th:
"Time to look at GOLD again? Watching for signs of life but at the moment the components of the XAU and HUI have only a total of 3 stocks on buy signals of a total of 15.
This puts the Bullish Percent at 20 and as we have explained a reversal of the sector from below 30% to above 30% is a PnF sector buy signal. All we need are 2 stocks believe it or not. Stay tuned!
In addition there are 21 gold stocks in CDN indices and at the moment there are 6 of 21 on buy signals. All we need here is one more for a sector buy. It is unlikely to happen tomorrow, but when it does we will be prepared."
Ted's Comments
BP Buy signal watch. Not there yet.
Started by
Rogerdodger
, May 12 2005 08:41 AM
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#1
Rogerdodger
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