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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject11/30/2003 6:47:00 PM
From: nspolar  Read Replies (1) of 36161
 
HUI Longterm With Forks.

This is one of my favorite charts that I have done. I started it a few months back as I recall. I have not changed the forks, nor the LT count. I have just changed the ST count within the (3).

I am not certain, but if the count remains valid I tend to presently think the HUI should bust the upper tine, before the (3) completes. It would appear that such a bust, if it were to occur, would put the HUI well above 300.

The chart is a thing of simplicity and beauty, especially if one has been on the right side all the way up. Note the predicted topping area. Just a good guess at this point.

We live in wild times man.

ttrader.com

Talk to the hand.
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