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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (78229)	5/8/2009 4:24:06 PM
From: Roebear	1 Recommendation Read Replies (2) \| Respond to of 108616

Hi Jim, Here is a HUI chart which should be similar to the POG chart, only this is a daily and so is about 14 months in length instead of 30 YEARS. Indeed it starts out as a reverse H & S but now is morphing into another bullish pattern, an ascending triangle as the right shoulder (which I mentioned a month or two ago) is getting a bit too long. It is OK for it to morph and that is probably a result of intervention on POG/POS or some other fundamental effect. stockcharts.com OTOH, the correction you spoke about only forms the handle for the giant POG cup and handle pattern of nearly 30 years. It is going to hurt a bit for me to show this chart, as I have guarded it like a trade secret. It is something I have been watching for years every week, but I don't expect many people to believe me any more than they did about oil in 2000-2001, so here it is: stockcharts.com Now I was not able to quite get it to go all the way back to 78-79 when I made it and saved it, so it ain't perfect. But a thing of TRUE BEAUTY nontheless and three decades of development in nothing to be sneezed at! That huge monthly chart is TOO BIG and TOO LONG for anyone or any entity to hide their tracks in, SO THE TRACKS ARE ALL THERE FOR EVERYONE TO SEE WHO HAS EYES TO SEE!!!!!!!!!!!!!!!!!!!!!!!! Best, Roebear