Wednesday, June 18, 2014

Sometimes TA works in a weird way

Here's $HUI:

Interesting, isn't it, that $HUI decided to pause exactly at the SMA(50) and SMA(200)?

I'd expect it to continue going up, given this is what GDXJ looks like:

Cos GDXJ has already broken through its own SMAs.

Assuming, of course, that Yellen doesn't tank gold this afternoon (she doesn't have a beard, so that's something) and that there's no opex smackdown in gold next week.

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