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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (5588)	4/30/2004 4:22:02 PM
From: blind-geezer	Respond to of 60902

<<Stock market in general looks sick.>> I looked worse, my old lady told me this morning that I looked like a piece of sheet ...

To: Square_Dealings who wrote (5588)	4/30/2004 10:31:02 PM
From: jimsioi	Read Replies (1) \| Respond to of 60902

Micheal, I agree the HUI needs a strong finish, once. The pattern of weak daily finishes is almost a "given". Perhaps it is mutual fund redemption selling, hedging by metal players, but whatever the pattern is there and portends lower prices....The day we get a strong close will be so unusual I suspect most of us won't believe our eyes or know what to do, but it'll be a positive in a sea that's pretty rough.... As of Friday's close the HUI sits on another dangerous ledge...indicators saw less momentum on the early day pop...bad sign....Expectation would be for a break to new lows on Monday.... stockcharts.com[r,a]eecaynay[d40][pc13!c34!c50!c200!f][iut!ub14!le8,24,8!lk20!lv20!lp14,3,3][J18131995,Y]&pref=G HUI / Gold ratio is of course bearish looking, but we are coming down to support. stockcharts.com[h,a]wbcaynay[df][pb8!c40!f][iut!ul14!ub14!lh14,3!ll14!ld20!lya7,14,28]&pref=G Weekly HUI and targets- An uptrend line on the HUI using the linear scale comes in at 155 or so... A full 61.8% correction of the move from the July '02 lows off the highs of 259 comes in at 157 A full 61.8% correction of the move from the March '02 lows off the highs at 259 comes in at 167 A full 50% correction of the entire upmove from 35 to 259 comes in at 147..... My guess is that when the FED does get around to its first interest rate hike, almost all equities will have pretty fully discounted it beforehand, unless there's a surprise this coming week, we will have seen or see something in the 155-160 range for the HUI. The market reaction leading up to the FEDs move, or after it in the case of a preemptive early move, will keep the FED from raising rates again till next year....I look to buy the interest rate hike SPIKE DOWN to key HUI support in the upper 150s... HUI Weekly stockcharts.com[h,a]wbcaynay[d20000430,20040430][pb8!c40!f][iut!Ll14!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G