The HUI confirmed the pullback yesterday. It never takes long in this sector, it is so volatile. Jack be nimble ....
The HUI has to do an amazing run within the next few weeks to keep things bullish. I'm not saying it can't happen, but I will "follow" the HUI rather than try to predict the move. Ted Burge's S/R chart is very simple and neat. Scroll down to the 4th chart on this page. Also note where the XAU stopped on the P&F chart. Right at resistance. Still bullish P&F charts until the next signal.
Ted Burge
cheers,
john
HUI S/R
Started by
SilentOne
, Jun 21 2005 05:35 AM
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#1
SilentOne
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Posted 21 June 2005 - 05:35 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
