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Friday, February 02, 2007 11:44:55 AM
***HGX moved above the 61.8% retracement today I spoke earlier of, anyone shorting any homebuilders here with tight stop-losses?... in hopes that this is a false move above the fibonacci resistance today...?
"252.84 is the 61.8% fibonacci retracement point from the 293.66 high in July 2005 and the 186.82 low in July of 2006"
Maybe the talk of interest rates pausing for an entire year more has people more bullish on this sector???... But the data does not necesarily support the bullish case imo...
"252.84 is the 61.8% fibonacci retracement point from the 293.66 high in July 2005 and the 186.82 low in July of 2006"
Maybe the talk of interest rates pausing for an entire year more has people more bullish on this sector???... But the data does not necesarily support the bullish case imo...
HI-HO SILVER !!!
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