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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (21423)	1/15/2005 11:54:51 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Are you looking for something like this?? marketswing.com Good Luck, Lee Yes thank you! That is exactly what I wanted. Did you generate that and can you do it for the UK too? Notice how much flattening there has been just since June. Take a good look at gold. futuresource.com Gold peaked when the US fell to nearly its lowest but refused to rally when the $ did its last dip and bottomed. Was gold not believeing that last US$ rally or was it simply that gold was done when the 1 and 2 year treasuries got clobbered. Looks like bond bears should have been short the 1 and 2 year treasuries NOT the 10 and 30 yr treasuries! It is so clear in hindsight isn't it? ng Thnaks very much for that chart! Can you do the same for the UK? Mish

To: Lee Lichterman III who wrote (21423)	1/15/2005 4:27:09 PM
From: mishedlo	Respond to of 116555

Jacko on the FOOL has some nice gold charts fore everyone tinyurl.com Is $gold in a P&F chart. Bullish uptrend from 2001 is still intact, but significant deteroriation from the high in December. Traders would have sold out around $428, the recent sell signal. Investors might hold while something still trades above the bullish trend line, which is around $412. Investors would sell on a decisive break of the trend line. P&F price objective gives $392 as target, though those are to be taken with more than a grain of salt. tinyurl.com $HUI broke down before $gold peaked. It's closer to breaking its bullish trend line, having given two sell signals within the last 6 weeks. Price objective is a much lower 164 (from 202 now), roughly a 20% drop. tinyurl.com is relative strength of $HUI against $gold. This shows the weakness in the miners even a little earlier, beginning in November, with a sell signal for traders in early December. It's at the bullish trend line and in downward direction. Not yet clear whether it will clearly break the trend line (at 48), though. This will be the test. If the "weak miners" thesis is correct, the trend line will be decisively broken. The P&F intermediate target (using a horizontal count) I calculate is at 44, which also happens to be where support kicked in during May and July 2004 (ie, relative strength began to reverse in favour of the miners). tinyurl.com is XGD.to, the iUnits basket of about a dozen Canadian gold stocks. Definite sell signal, bullish trend line decisively broken, and under a bearish trend line. Downside target is $42. tinyurl.com is XGD against $gold, which also captures the currency interplay of CDN vs USD. Note general bearish trend lines in place, though consolidation pattern during 2004 while CDN rose against USD, and strong support found at current level of the chart. jacko2