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Pastimes : The Philosophical Porch
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To: glenn_a who wrote (2926)5/4/2008 8:55:34 PM
From: Rarebird  Read Replies (1) of 26251
 
>>Are you primarily referring to the seniors here? Or the juniors as well?>>

I was referring to HUI and GDX.

From August 07 through Mid March 08, HUI and GDX have been moving (pricewise) in a diagonal triangle. The collapse out of the diagonal triangle typically targets the base of the pattern. That is to say, mining stocks have a long way to fall as they retrace to the base of the diagonal triangle.

I have no opinion in regard to the juniors you hold.

I am not short these juniors so I wish you only the best in regard to them.
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