Sorry I missed your call, I tried you back but it didn't go through. I was at David W's office. The HUI closed around 422, below the 425 area, but above that shoulder on the 60 minute chart. TGB had some bad news about a generator, so it fell to the low $5 area, but came back some.
biz.yahoo.com
I did well on DUG. I bought between Thursday night and Friday morning at $29.43 and sold at $30.24. Not bad for a ST trade! I think that is all I did. SKI said it was OK to buy thru Monday, so hopefully things will keep plugging along. Peace out!
SKI Message 5/08/08
SKI Message 5/08/08 11:30 AM PST
USERX = 16.13 Yesterday, Up nicely (2%+?) Today
Just a brief followup from Monday's message. The short-term up trend continued today after we obtained the bullish 1 Down and 3 Up run (3 Up into 5/06/08 and then down yesterday to complete that run). I don't see any SKI reason for the up trend to stop here, it should continue. The 92-96 index will generate its buy tomorrow (5/09/08) for execution on Monday (5/12/08). The traditional technical indicator, MACD, is generating its buy signal today on the major gold stock indices and that will probably cause additional people to buy.
Due to the 92-96 index buy that is approaching, one is allowed to buy today, tomorrow, or wait for the index buy on Monday. USERX would have to plunge below 15.80 tomorrow (actually even lower) to avoid the 92-96 index buy signal and the signal isn't going to be avoided; we are going to get that signal ass expected.
Personally, I still haven't decided if I am going to buy, but I if I am going to buy I'll wait for the actual index buy on Monday (5/12/08). I'll write about this in the Saturday Update.
Best wishes, Jeff |
