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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 368.80+0.2%4:00 PM EST

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To: jimsioi who wrote (6078)5/4/2007 11:07:26 AM
From: gold$10k  Read Replies (2) of 29622
 
Jims,

HUI has almost reached 352, which is more or less the neckline of the H&S that began the late April decline.

stockcharts.com

The pullback that I anticipate for next week might only reach 342 instead of Tuesday's 333. Regardless, IMO the risk/reward beyond that strongly favors the longs. After yesterday's close I wondered if I had bought too aggressively, but now I don't think so. We'll see. No buying today... will try to wait for Tuesday or Wednesday.

vt
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