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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (124644)9/30/2005 11:22:40 PM
From: skinowski  Read Replies (2) of 209892
 
I noticed an interesting "analog" between the short term hourly chart of $HUI and its weekly chart of the last few years. It is my understanding that you are thinking about a move on the weekly which would be analogous to the one into the September 27 low on the hourly:

stockcharts.com[p,a]eaclyyay[pb50!b200][vc60][iub14!la12,26,9]&listNum=1

Right now we would be on the weekly where the hourly was at the September 26 top.

If such a move plays out on the weekly, that would imply quite a large decline.

Here is the weekly chart, with what so far is my "favored" labeling:

stockcharts.com[p,a]waclyyay[pb50!b200][vc60][iub14!la12,26,9][J52668250,Y]&pref=G
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