Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Sully- who wrote (19246)	5/19/2003 9:53:35 AM
From: Jim Willie CB	Read Replies (1) of 89467

check out the massive bull triangle in HUI chart a two-year chart of HUI: stockcharts.com[h,a]daclyyay[de][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G top at 150 (ignoring tippy top spike) in June02 and Jan-Feb03 initial impulse low at 100 in July02 next impulse low at 105 in Oct02 a nice big fat 45 pts of released upward force target = 150 + 45 = 195 the only unfortunate part of the story is that the vertex of the triangle aint real soon it is projected out toward the end of the year, like Feb04 but an old adage among Technical Analysts has it that ... "the breakout occurs with 1/3-rd of the time remaining in the triangle" the triangle began in June02, which means we have 21 months (bear with me, since this is all a rough math exercise) discount the timespan by 1/3-rd to knock off 7 months you get the breakout occuring 7 months before Feb04, which is July03 so there you have it --- a massive HUI stock index breakout in midsummer it should vault toward 200 with huge volume and bigga balls !!! but but but... we could have a minor downdraft before the strong upleg to break out of the triangle with the weak dollar, not likely right now, just yet / jim

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