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Strategies & Market Trends : Natural Resource Stocks

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From: Nihontochicken7/17/2006 11:42:54 AM
  Read Replies (3) of 108763
 
My broad market indicator stock, SMH, is hesitating in its downtrend, may be trying to bottom, standard BBs still diverging, but top BB trying to turn over:

stockcharts.com

OTOH, market leader RUT is stil strong in its downtrend, Standard BBs still diverging strongly:

stockcharts.com
Nasdaq upturn today only brings it back to the lower BB, not convincing the bottom is in yet:

stockcharts.com

HUI appears to be in a bullish flag, headed downward to the standard BB midline at about 326 to 330, but standard BBs are converging, so it can bounce between the upper BB and the lower BB, ~285-365, without establishing a meaningful trend. Big question here is whether it will bounce off the BB midline:

stockcharts.com

FWIW.

NC
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