SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (292)7/29/2005 10:47:39 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 50416
 
This is the end... re: retest / retracement potential.

I think both GOLD and the HUI are at key pivot points:

Gold has 2 key technical tests dead ahead.

It's knocking on the door of that initial (red) resistance line and ultimately needs to finally penetrate the upper (blue) trendline to lead stocks to new highs.

If Gold fails at either point... retracement & retest await in my opinion.

stockcharts.com[d,a]daclyyay[dd][pb200!f][vc60][iut][j55978087,y]&listNum=-1

...it won't take long to resolve.

I'd prefer to wait for resistance and that upper trendline to get taken out before getting back on board.

Slider