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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (5186)1/15/2004 9:37:41 PM
From: mishedlo  Read Replies (2) of 110194
 
HUI headed to the 200MA?

If the HUI does not bounce at its 50dma, around 225 today, and it trades decisively under this white line, then odds are that our current gold-stock upleg is over. Every single time in our awesome young gold-stock bull to date when the HUI’s 50dma decisively fell, it was on a major pullback back down towards the index’s 200dma.

Only time will tell whether the HUI’s 50dma will hold again as support in the weeks ahead or not, but if it doesn’t then the good news is that a fantastic new buying opportunity is rapidly approaching, when the HUI careens back down towards its 200dma and its lower 50dma -2.5 SD Bollinger Band. We haven’t witnessed a similar magnificent buying opportunity since March so I am certainly looking forward to seeing these glorious technical gold-stock tidings once again.


gold-eagle.com
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