A Quick Note
posted Mar 8, 2006 at 04:39AM
The HUI fell a bit more today giving a clear breach of the 50 dma. Sometimes though, with everyone looking at the same chart, this breach will induce a final flurry of weak hands doing some technical selling. A move back up above the 50 dma can be considered as a buy stop/signal. Just a thought ... but given the overall overbought nature of the sector I would still use tight stops on any new entries.