Thursday, January 11, 2007

$HUI Fibonacci Charts

The $HUI like other mining indices is currently retracing the October to December 2006 advance (wave i of 3) Similar to this spot gold wave analysis It is more likely then not that the $HUI will not go below the October 2006 low (labeled 2). – This is my opinion. One should be both cautious and have patience. Interested about waves analysis? – see this tutorial (need short registration)

$Hui weekly chart

$Hui daily chart

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