Tuesday, May 16, 2006

HUI - Amex Gold Bugs Index Elliott Wave Count

Here are some HUI - Amex Gold Bugs Index charts. The charts are annotated with Elliot wave's counts, Fibonacci support lines, moving averages, trend lines and other technical indicators. To put it simply: It is my opinion that the HUI is close or already had bottomed. Like Gold I think that the HUI will go much higher, however I think that at some point and under some circumstances the price of gold and / or the price of silver will outperform the HUI index.

HUI logarithmic weekly chart, bear market bottom to date - click on the chart below to enlarge:


















HUI linear weekly chart, bear market bottom to date - click on the chart below to enlarge:


















HUI daily chart - one year























HUI daily chart - three month
























  • For Elliott Wave analysis I highly recommend the book: Elliott wave principle.
  • See previous HUI Posts
  • IF you need a Free Real time quotes and charts for Gold, Commodities, Forex, Indices & Stocks (registration is required) try ADVFN
  • For viewing online charts, images and pictures I highly recommend the FireFox browser.

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