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Strategies & Market Trends : Classic TA Workplace
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To: whydididothat who wrote (48957)8/5/2002 10:41:53 AM
From: Paul Shread  Read Replies (1) of 209892
 
whydididothat,

I'm still holding the miners I bought at HUI 93, but HUI does have some pretty strong resistance around 120, and the rally does look a little wedgey.

However, we also have rising wedges in the Dow and S&P that broke to the norm, so we should see a retest or lower lows there. That's enough reason to let them ride for now, I think.

Just under 110 HUI looks like a good stop to me, although 112 could be the top of the '1' or 'A'. Allan or Shack?
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