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To: Galirayo who wrote (7335)6/24/2008 10:54:14 PM
From: jaker  Read Replies (1) | Respond to of 41419
 
I mentioned earlier that I do not like trading mining stocks short term, do to excessive manipulation..

This podcast explains it all... It is rather long, but it won't take long into it to reveal that it is a bunch of crooks at work... explains what and how they steal your money

Like I said smallest markets are easiest to manipulate

netcastdaily.com



To: Galirayo who wrote (7335)6/24/2008 10:54:41 PM
From: skinowski  Read Replies (2) | Respond to of 41419
 
HUI - I seldom trade it, and always found it to be a pain in the butt trying to analyze it. On the daily since last fall it looks like a big H&S, with the Head being a smaller H&S in its own right.

On the monthly, in very general terms, it looks like that the advance since 2000 was an impulse - not surprisingly. The low of the presumed Wave 4 is near 270. The critical support for now is around 370 - 380.

Would I be bearish HUI? Yes, if 370 - 380 (or at least 385) get taken out. If this happens, it will probably mean that deflationary forces are gaining strength.