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Strategies & Market Trends : Longer-Term Market Trends

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From: ItsAllCyclical	7/18/2008 2:51:17 PM
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Not the best proxy for Canadian gold juniors, but one that's used I would never buy this chart at these levels if I were looking at it objectively. Of course if gold does break to new highs in the next few months there are some screamingly good values around. Again based on my simplistic EW the move down thus far off the highs looks impulsive. Right at critical support. Note to self wait at least for downtrend channel to be broken to the upside before venturing back in. Always exceptions w/in a group of course, but not many.

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