I'll try to get an email update out to subscribers in the morning using Joe's thoughts as a centerpiece for discussion. You see his '315' potential on HUI? That is one 'potential' NFTRH has had open for a while now. I am not trying to sound bearish after a tough day. I am just saying that today notwithstanding, there is a line in the sand that will load if that target if it is triggered and as long as it remains a potential. As for today, I actually don't think it meant all that much. We'll see.
Hussman's "patient opportunism" has been what NFTRH has been all about lately. My question remains is opportunity at hand with the frogs in the pot fully boiled, or are they still struggling in that pot? I am going to let the market and the charts answer that. But Joe makes some good points.
I think your scenario has a good chance of coming to be. If the HUI xxxxxxxx goes, your scenario gets loaded [HUI 315]. As you know I have been nagged by a lack of a final capitulation (BPGDM and other indicators) and have been trying to figure out if the frogs are fully boiled or not.
As for gold, if it blows the pattern and does not continue to make a right side shoulder and then if it loses the Dec. low, it will be broken.
Do you mind if I use your thoughts for subscribers and possibly the blog? Anonymously, of course.