Thursday, February 18, 2010

ODD

HUI is in downtrend channel but has risen simutaneously with $ rally, yeah that's ODD!
There a big MACD divergence at HIGHS, but none at lows, even with COT data IMHO trend for gold has not turned back up....until sequence of LOWER HIGHS AND LOWER LOWS IS BROKEN AS WE SEE CLEARLY HERE>
D

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