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Strategies & Market Trends : Longer-Term Market Trends

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To: Stoctrash who wrote (178)4/7/2008 11:55:56 PM
From: Galirayo  Read Replies (1) of 3209
 
I drew this XAU up over a month ago .. but tonite I noticed it might be running in a channel .. so I stuck a fork in it to see what it looked like. :)

It seems to fit perfectly for support.

The XAU is the closest I get to the HUI.

Click on the image and it will enlarge. Looks like a Big Cup and Handle to me.

img211.imageshack.us

img301.imageshack.us

And in the the HUI the lower tine is replicated fairly closely by the 144MA as support.

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