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Re: AnderL post# 8958

Sunday, 06/12/2005 2:15:11 PM

Sunday, June 12, 2005 2:15:11 PM

Post# of 25966
*Ander, short-term up move surely was great as it followed the broader markets, but I still speculate that we have a 5th wave down which correlates with the inital bear leg in the broader markets, specifically the S&P 500/DJI, that's all I'm saying.

In the 3-year weekly chart I posted earlier, the MACD is just underneath resistance and the RSI(14), besides being at trendline resistance, sits just under 50 technical resistance...

I still hold firm that a 5th wave down in the $HUI is coming... and it would be quite healthy given the longer-term chart:




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