Not too much to say today. I am looking at the Hui Index "Gold Bugs Index"
At first glance you see a wave count that should make the gold stocks go higher. There is also a hammer for yesterday's trading. There are hammers all over the place, so there should be some good long positions, maybe.
When I look at the Russell 2000, the pattern is down right bearish.
You will notice the pivot points in the chart below. Remember a pivot point with my forecast model can mean a break down or break out as well.
So whether you are trading the HUI or the Russell 2000, the DOW, S&P 500, Wiltshire 5000, the FTSE.......
when people decide to sell all stocks go down.
At first glance you see a wave count that should make the gold stocks go higher. There is also a hammer for yesterday's trading. There are hammers all over the place, so there should be some good long positions, maybe.
You will notice the pivot points in the chart below. Remember a pivot point with my forecast model can mean a break down or break out as well.
So whether you are trading the HUI or the Russell 2000, the DOW, S&P 500, Wiltshire 5000, the FTSE.......
when people decide to sell all stocks go down.
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