Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (29009)	5/10/2011 4:39:56 PM
From: polarisnh	Read Replies (1) of 48092

Hi Wade, I think there is a little more downside left in HL. It broke the swing low of March 17, 2011 at $8.08 that had volume of 12.8 million shares on May 5, 2011 at $7.98 on 17.5 million shares. It hasn't been tested yet. It looks to me like it is gunning to test the November 16, 2010 low at $7.84 which had 21 million shares. It would be nice to see a test of $7.84 with the volume decreasing. If it breaks below $7.84 on more than 21 million shares than all bets are off for the time being as the next area with any significant support is around the $6.70 area which is October 2010. We will wait and see.... Thanks, Steve

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