AI
Thursday, March 22, 2012 10:17:46 AM
HUI Gann Monthly
The Hurst picture was telling in 2011 (see post I replied to). We did see a broad top form. The question now is whether this will be a consolidation holding the HUI 467 fib as support, or will there be a breakdown as described in the chart below.
Important support coming in for the HUI with the HUI 467 Fib and the 3:1 Gann fan from the 2000 lows. Failure to hold means a test of 2006 levels. HUI is ripe for major cycle lows.
cheers,
john
The Hurst picture was telling in 2011 (see post I replied to). We did see a broad top form. The question now is whether this will be a consolidation holding the HUI 467 fib as support, or will there be a breakdown as described in the chart below.
Important support coming in for the HUI with the HUI 467 Fib and the 3:1 Gann fan from the 2000 lows. Failure to hold means a test of 2006 levels. HUI is ripe for major cycle lows.
cheers,
john
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