$HUI:$GOLD break out? Or fake out? Chan chart:
tinyurl.com
My pretty little $Silver fractal sez it's still early, that September should be the break out. But, if anything, it is starting to distort a bit to the downside, though it still could match the year earlier move by coming back to the BB midline, then diving to the lower BB one more time before lifting off. But that would be just too pretty to prove true:
tinyurl.com
Also the $HUI monthly BBs are still pinching, would seem to be a few weeks/months yet for them to complete the pinch, maybe go parallel for a bit, and then diverge, marking the break out (or break down???). Chart:
tinyurl.com
Notice also my other pet, the SMH monthly, which appears to be breaking out to the upside:
tinyurl.com
This could be really big, a harbinger of an even bigger tech and broad market up leg, large and long term. Not what I've been expecting FA wise, given M3 fiat overprinting itching to implode and the housing/CDO debacle, but that's what the chart is indicating. Why question the good times? Party on, Garth!!!
NC ;o) |
