"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

Monday, June 4, 2012

HUI-SPX ratio has changed trend

HUI-SPX has broken the downtrend by daily chart after breaking above the EMA 50 and going AROON up.  Although it is a bit over bought at the moment. 

It's all about leadership my friends.  Downside leadership to ignominy and now?  Potentially something quite different as the d Boys and bears hold sway and try to convince us how bad everything is.

Like with Terrifying Visions of Endgames and such.  We KNOW it's bad; but it was really bad a couple months ago with the market at new recovery highs too.

Wash, rinse...














http://www.biiwii.blogspot.com
http://www.biiwii.com

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