Replies to post #126826 on Zeev's Turnips Patch-No Politics (ZEEV)

[Yama]

Referencing Gold, here's a post from a pretty good TA guy on a private group thread:

The $HUI is setting up for a huge technical move in the next 1-2
weeks.

The strongest inverse correlation for $Gold is the $USD.The $USD
won't rise more than 1% from here, IMO. Maxixmum closing upside of
95.25, IMO.

http://www.zsvideo.com/~princ1/ds.htm1.jpg

The Nasdaq will drop steadily form here.Another plus for the gold
shares

http://www.zsvideo.com/~princ1/nsi.ht1.jpg

Once the $HUI closes solidly (3% or more) above the horizontal line
of it's 32 month ascending triangle at 155, it will meet some
resistance areas.I have shown where these resistance areas are.The
reason? Most breakouts through resistance retest (Back kiss), the
breakout area.

http://www.zsvideo.com/now.ht1.jpg

This chart shows that about 85% of the time that the following
indicators for the $HUI were lined up, it turned out to be the bottom.

http://www.zsvideo.com./G.htm1.jpg

Now,there is some indications of a possible pull back in the early
part of this week for the $HUI.If there is a pull back, this will be
the last one before a monumental breakout in the $HUI.If there are
mining stocks you want to add, you will want to do it this week.
If the $HUI does pull back, it of course will depend on how far the
$Gold price pulls back.
There is a 90% chance, IMO that the $Gold price of $340-$343 would
be the absolute low for $Gold.This is a WORST CASE scenario.

http://www.zsvideo.com/~princ1/gl.htm1.jpg

So, in a worst case scenario, with a drop in the $Gold price to
$340,what would the $HUI drop down to??

The answer is 146.How do i know this? The following chart is a
chart of the $HUI:$GOLD ratio.This ratio will not drop below 0.43,
IMO.

If this is so, then 0.43 X $340= 146.20

http://www.zsvideo.com/~princ1/hg.htm1.jpg

In summary, everything is now lined up for a massive move in the
$HUI.

Stockcahrts states the following on technical breakouts from an
ascending triangle, "one must take the difference between the largest
part of the triangle(In this case 155-30=125) and add it to the
breakout area(In this case 155).155+ 125= A target area for the $HUI,
of 275 over the next 32 months.

The $USD will not be able to advance much from here.The Markets
are ready to start a intermediate downtrend.

Any short term weakness in the $HUI will most likely be limited to
this week.This week will be the last good buying opportunity for the
minig stocks, IMO.


What do you guys think of his work?