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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (74951)	12/7/2006 6:20:52 AM
From: westpacific	Respond to of 110194

Your HUI wedge chart just too basic, to say much. Another way to look at it. What we see in this chart is very bullish, uptrending dashed line, and to remain so should hold 337.53, if it breaks it will test 312.02 or the bottom of the band. We are getting overbought but still in a nice uptrend. Bullish Chart. or What we see in this chart is mixed. We held the 315.10 area just perfect, bullish. We failed and regained the 189 dma, bullish. BUT we have a bearish cross under of the 63 dma under the 189 dma. Gold needs to hold 328.02 to continue bullish. Nearing overbought so it may rest a little near term. And this, lets see if it falls back into channel and then how it performs. Also a failure big below this uptrend line spells trouble, we are near the end of the 18 year cycle. We either have entered a new cycle which means gold to $800 or it fails and breaks down. Near term a coin toss. Notice how the trend holds these 62 and 189 DMA!!!! Just a GOLDEN chart. West