FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***HUI - weekly chart analysis & thoughts...

181.29-195.73 (14.44) *This weeks HUI range from low-high
186.71-181.29 (5.42) *This weeks HUI open-low
195.73-190.47 (5.26) *This weeks HUI high-close

I currently favor a decline vs. an advance 95-5 via the weekly chart. I also have made a chart which further emphasizes my viewpoints and puts it into a picture somewhat, note that I have circled similar candlesticks in the past which have occurred at or very near tops:




*Further comments - Right now I am very strongly bearish the markets and I have yet to see the HUI diverge from the markets much like it did in 2000 when it started its own bull rampage despite the markets getting clocked. I expect much of the same to happen again soon but patience is the key, I suspect a leg 5 down in the HUI will correspond with an initial leg down to confirm a bear in the broader markets. I am bearish until proven otherwise, to be proven otherwise would be for the HUI to confirm a blatant divergence away from the broader markets through volume and the confirmation of breaking technical barriers... and following NEM as a bellwether for $GOLD stocks, I simply don't think it's close yet and instead the $GOLD equities have actually been acting as leaders to the current markets... so until they diverge, my bearish stance albeit short-term will be enforced upon $GOLD equities...

Note on the chart of NEM below that the recent red "bear" bars far exceed the black "bull" volume bars... this is clearly bearish and like I said, I don't expect this to be resolved any time in the extreme short-term...