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FinancialAdvisor

05/04/05 10:55 PM

#7505 RE: FinancialAdvisor #7500

***HUI technical indicators look bullish to me... Take note of the inverted head & shoulders on the RSI indicator and the bull-flag on the MACD histogram!!!... this is significant bullish divergence off of the recent decline... tomorrow's major (trendline) resistance lies around 190, ironically the last major low... today the HUI closed at a trendline resistance, but I don't consider it too significant to the intermediate-term trend reversal, however if the 190 resistance gets broken with conviction... that would be sigificant and indicative of an intermediate-term reversal to me...

True confirmation would come in the event the HUI blatantly diverges from the broader markets, I know it will eventually come again, but I'm wondering when?...