Visit Mr. Elliott. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Visit Mr. Elliott.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: nspolar	11/20/2005 6:55:02 PM
	Read Replies (2) of 656

Latest HUI charts here. ttrader.com ttrader.com Since the last update I really have not changed anything, which is positive, just added to it. The HUI continues to be dominated by corrections, complex and/or running. In between there are impulses with trend. It is this situation that has made it so difficult to be exact with timing, as well as getting a good read on sentiment. These waves are complicated and I am not super confident that the charting is correct. If the path shown is about correct, what will probably happen is that one of these days the HUI will just blow nearly straight up, and leave a lot of timers in the dust and/or chasing. I tend to think the v'th waves in the HUI are usually the most explosive, and we are not quite there. I have also added notes about targets for the 3rd. The 1.61 or 2.61 fibs seem most likely. It is also interesting to note that the Rydex PM fund has not yet bought this latest move, nor have they sold. They are waiting/timing. There are two possibilites re that picture ... maybe my EW is incorrect and this is not the move, or the Rydex fellows will soon be chasing, and helping to drive the HUI upward in rapid fashion. The game continues.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next