HUI Sell Signal?
posted Nov 18, 2004 at 12:36PM
As I write the HUI sits at 238.89. In my mind the HUI should not have moved under the 240 break-out point. This development brings out the sceptre that this may have been a false-break out.
Bullion remains strong but I have decided to take my profits and stand aside for the near term.
HUI needs to move back over 240 to remain in a bullish posture.
This certainly not a "reccomendation" - just a personal money management decision.