Saturday, February 9, 2008

New Buy Signal HUI




How low will this bear market go? See Fib projections.




Friday a new buy signal was flashed for Gold Stocks. Also note the gold/xau ratio continues above 5.0

1 comment:

STOCK SNIFFER said...

Hello,

I use a 21 day stochastics comparing the % of HUI stocks above their 21 day MA with a slower 7 day MA of the same. I use Dorsey’s sector P&F bullish or bearish to confirm and also monitor the gold:xau ratio as reviewed on my site blogs to confirm. I may someday do a subscription based site when I retire but right now I blog for the self discipline it affords me and the pleasure I receive from the intellectual challenge of trying to monitor the financial markets. I am convinced that the average investor can time the broad markets but most don’t have the self discipline to regularly follow any system that gives them a financial edge.

I greatly admire your work. I am in agreement with your statement on your blog site that it doesn’t matter what I think. I too am not smart enough to consistently predict the financial markets. I am currently reading “The Black Swan” and would recommend the book to you.
With kindest personal regards,
Paul Wills