A Look At The HUI
posted Feb 5, 2005 at 01:09PM
Now trading below 200dma. Some potential bullish divergences. The 200 level is now short-term resistance and above that is the 200 dma. Both could be used as swing lines for aggressive short-term trading if that is your cup of tea right now.
The index reamins on IT sell mode. It is at major trend-line support with the stochastics bottomed out. Again the big concern is the relative underperformance with the USD which is nowhere close to topping out as in times past.
Remains in bear mode.