Senor's next muy importante target (intermediate term) for the HUI is well norte of 500.
I have two preferred counts. One version is Wave 1 of grande III up finished late Jan. at HUI 350, and we are in wave 3 of III now with a HUI target exceeding 500. The second version says we are now in a wave 5 of the wave set off the HUI 165 low, which will be an extended wave (5ths almost always are in PMs). In this case however the target for the next top will probably not exceed 500. The XAU target would probably be 190 - 200. And once it tops, we would retrace all the way back to HUI 350 as extended 5th waves are usually retraced to the wave 2 area. I'll try to draw the counts on Monday.
Regardless, we are going to rip upward again within the next few days.
cheers,
john
Edited by SilentOne, 23 April 2006 - 02:55 PM.