Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: wsw1 who wrote (7601)	1/8/2008 11:01:20 PM
From: SliderOnTheBlack	Respond to of 50684

billy re: HUI Chart... I posted this chart back on September 28th, waiting for a breakout above the former HUI high of 401. The HUI 401 high was from way back in May 2006. For sixteen looong months we waited for this (vbg). I just went back and changed the "end" date, so that the chart will now show this move through HUI 460. Each new breakout move in the HUI has formed from the same consolidation base, a breakout through resistance, then a small pullback, then the explosive breakout leg. Here's the link to that original post and my comments on where I think this leg of the move takes us... And what does the chart tell us about what to expect for this next leg up? Well, let’s review the prior moves so far: Leg #1 was from HUI 35 to 80…a +45 point move and a +128% gain. Leg #2 was from HUI 80 to 154...a +74 point move and a +92% gain. Leg #3 was from HUI 154 to 258…a +104 point move and a +67% gain. Leg #4 was from HUI 258 to 401…a +143 point move and a +55% gain. Each move has returned a smaller % return than the prior leg and this recent bottom of HUI 280 came much closer to the prior leg’s bottom than any prior leg of this cycle. In looking at how much higher each succeeding leg moved from the prior high, we had moves from HUI 80 to 154 for a + 92% move for Leg #2. We moved from HUI 154 to 258 for a +67% move for Leg #3. And we moved from HUI 258 to 401 for a +55% move in Leg #4. It would see reasonable to expect a move in the mid 30% to 40% range for this next leg which would take us to the HUI 520 – 560 range. Fwiw: For those that remember those dark, contrarian days back in late 2000 when "some of us" made the leap from black to yellow gold... the HUI index is now a "13 bagger" having moved from a low of HUI 35 to today's intra-day all time high of 463.19. ...it's been one helluva ride. Here's to the next leg up! HUI "500" has a nice ring to it. As does $1000 gold. Remember when we were all hoping & praying that gold would hit $500? And now the index is heading there. Ole Yeller has done us well. S.O.T.B.