Contrarian market commentary and economic postings.
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>
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