It would be highly desirable for HUI to get back above the major trend line and pronto. The daily chart is over sold per previous post but the bigger picture is not over sold and has downside risk. This blog and the biiwii.com site are about getting it right, not about boosting any particular asset or market at all times. Gold & the miners are obviously favored here, but so is risk management.
Friday, May 25, 2007
Huey - Weekly view
It would be highly desirable for HUI to get back above the major trend line and pronto. The daily chart is over sold per previous post but the bigger picture is not over sold and has downside risk. This blog and the biiwii.com site are about getting it right, not about boosting any particular asset or market at all times. Gold & the miners are obviously favored here, but so is risk management.
