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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (154646)	7/30/2011 11:45:58 PM
From: Sweet Ol	Respond to of 206089

HDY is not clear for the near future. First, let's look at the weekly chart. A 5-wave impulse wave up started in March 09. Wave 3 ended in January and wave 4 down started. If 4 is a regular A-B-C, then it has ended and wave 5 is underway, which should carry up above the end of wave 3. However, it is not a very strong wave 5 starting off, so it looks like wave 4 could be developing into a running flat, suggested by my dashed green lines on the chart. If so, there it is likely to work on down to the bottom of the channel before wave 5 begins. The daily and intra-day charts are equally ambiguous. I am out of HDY now, waiting for the pattern to develop. Blessings, JRH