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Re: AnderL post# 6946

Tuesday, 04/19/2005 11:19:08 AM

Tuesday, April 19, 2005 11:19:08 AM

Post# of 25966
Ander, on the HUI, watch 192.60 as 10 day SMA resistance. For the rest of the day on it, it's got some clearly nice momo and interest and volume seems to be gradually increasing in the gold shares with price which is bullish to me. It's probably due for a pullback during the lunch-time lulls we're about to enter, so as for now, my call would be a pause/pullback heading into the slow hours... we'll see what happens during the 12:45-1:15 pivot... it's bullish to me, and I'd suspect it will gain further before the day is through, it was terribly taken down unfairly off of broader market weakness last week in which people dumped anything they had aimlessly & recklessly... so that excess baggage is gone, area of least resistance is higher.






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