HUI

Discussion in 'Stocks & Derivatives' started by theiain1, Feb 29, 2012.

  1. theiain1

    theiain1 Member

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    For those interested in the HUI Index -

    Daily

    [​IMG]

    Weekly

    [​IMG]


    Looks like its trying to trend up again on the daily

    50 day SMA is turning up

    Testing resistance at 550 which is also the 50 week SMA

    If we can close the week out above it (550) we should be looking at a test of resistance at around 600... again....
     
  2. SilverSanchez

    SilverSanchez Active Member

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    Things are going on in Erope at the moment that could mean just under a trillion euros money printing.... if the market gets what it expects - i believe we'll see breakouts - BUT every breakout to a new high saw a pull back so just keep that in mind.
     

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