An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Thursday, November 10, 2011
HUI & SPX chart shows the story...
This is the chart used this morning as I worked over subscribers with the critical support parameters. It may look like gold stocks and the broad market are holding supports just fine now, but it may not have looked that way during the heat of the Italy inspired declines. Charts really can quiet the noise and impose discipline on humans who, by their nature can get really noisy and sometimes undisciplined. Myself included.