First we need to go down before we can take another run at 208 again IMO.
cheers,
john
HUI Path
Started by
SilentOne
, Jun 20 2005 06:24 AM
4 replies to this topic
#1
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 20 June 2005 - 06:24 AM
I would say HUI 208 is a key area of resistance. It has been an important level of support/resistance in the last 18 months and worth watching. That is what the charts below suggest. When we broke down through this level in the winter, I knew then the 2004 lows would be retested. Follow the bouncing ball.
First we need to go down before we can take another run at 208 again IMO.
cheers,
john
First we need to go down before we can take another run at 208 again IMO.
cheers,
john
"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
#2
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 23 June 2005 - 09:32 AM
The way the gold indices are behaving on this pullback suggests another run at HUI 208 is in the cards, and if broken a test of the March high. Question always is when. Support at HUI 194 and XAU 90 has been compelling so far. Wave wise if these levels hold, a 5th wave up from here would produce a nice run. No idea if it is in the cards though.
I'll have to keep watch for points of entry (might even have to start now), which is much sooner than I expected.
cheers,
john
Edited by SilentOne, 23 June 2005 - 09:33 AM.
"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
#3
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 24 June 2005 - 10:29 AM
Well,
Any positions taken yesterday were reversed at the open this morning. I have no idea what's next and I'll stick to watching from here.
cheers,
john
"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
#4
mss
-
- TT Sponsor
- 6,182 posts
I'M WATCHING
Posted 24 June 2005 - 11:39 AM
Well,
I have no idea what's next and I'll stick to watching from here.
cheers,
john
I do like your charts.
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!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#5
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 24 June 2005 - 11:46 AM
Hi MSS,
The godmode charts are not my material. I keep posting them as the chartist there tends to draw excellent lines and highlights points of S/R.
Godmode Trader
But if I did post my own crayola charts, I would always hope they are that good.
cheers,
john
The godmode charts are not my material. I keep posting them as the chartist there tends to draw excellent lines and highlights points of S/R.
Godmode Trader
But if I did post my own crayola charts, I would always hope they are that good.
cheers,
john
"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
