Slider,
Looks like someone slammed the door and woke up the sleeping baby gold bear, ggg.
I don't believe I mentioned this in public, though I have in private. Too bad, would have been a great call, as it is, I have to settle for making the right moves early Friday for the wrong reasons. Like we always say, better to be lucky than good, ggg:
Current chart for HUI in June is a fractal to the March HUI. To avoid a sharp waterfall sell off like that one from Mid March to Mid May, the HUI MUST hold 192 or at least 189 over the rest of the week. Currently showing not an abandoned baby, but an abandoned orphanage here in June right at resistance levels for many HUI stocks.
ST chart is showing HUI holding on by its hooves to support while bear claws are trying to drag it down.
Who will win ST, don't know yet, longer term, still bullish... |
