HUI's Wave 2 Cyclical Bear Market Cycle Low Target Range Is 230 To 250
HUI's Wave 2 Cyclical Bear Market cycle low target range is 230 to 250, see the long term chart at http://finance.yahoo.com/q/ta?s=%5EHUI&t=my&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=, and, should occur some time next year.
Wave A down of HUI's Wave 2 Cyclical Bear Market since 3-17-08 should bottom at 280 to 300, so, 230 to 250 is a reasonable target range for the final Wave C cycle low next year. Note that the Wave 1 Cyclical Bull Market uptrend line (if one connected recent major cycle lows in 2005 and 2007) has broken down.
.......http://www.JoeFRocks.com/
NEM XAU HUI
Wave A down of HUI's Wave 2 Cyclical Bear Market since 3-17-08 should bottom at 280 to 300, so, 230 to 250 is a reasonable target range for the final Wave C cycle low next year. Note that the Wave 1 Cyclical Bull Market uptrend line (if one connected recent major cycle lows in 2005 and 2007) has broken down.
.......http://www.JoeFRocks.com/
NEM XAU HUI
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, SPX, XAU
posted by Joe Ferrazzano at
2:49 PM
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