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Re: chainik post# 833

Monday, 04/16/2007 3:48:51 PM

Monday, April 16, 2007 3:48:51 PM

Post# of 2663
Sold a little bit of HUI.

IMO the trend is still up, but there are a few warning signs

1. USD might be close to a bounce;
2. RSI(14) > 70 on HUI has served as a decent "sell" in the past http://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=1&mn=0&dy=0&id=p73142970252
3. Big moves in a lot of gold junk (10-20%) today. Usually when this happens the upside in bigger miners is small.

Will sell a bit more at HUI around 385-390.

Sold EMC and EWS (>10% gains) to raise cash. Probably should have kept EMC (I expect strong report tomorrow), but I don't want to take too much risk.


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