You are right. What we saw before were consolidations in a bull market, but now it is consolidations in a bear with the plunges that used to be breakouts to the upside. I wonder if HUI 150 will hold. I am not backing up any truck until I am sure there is not another cliff behind me!!! 🙂
Glenfidish, I believe Plunger has mentioned 100. On the charts it looks to me about 80. In other words, there is nothing much under 150. That 250 area was a very strong region of support. I guess that is why it took so long to breakdown. It is one heck of a bear market, that is for sure.
North…we have been at this a LONG time
BUT have you ever seen anything like this ?
Remember the Good old days
YaaaaaHUI !
Now its PUI HUI
sheesh
I never in my wildest nightmares would have believed it
Shattered dreams for so many good folks
We had blood bath in 2008. Fully these opportunities are the true back up the truck and not the one’s that have been singing for the last 3 years.
Fully,
You are right. What we saw before were consolidations in a bull market, but now it is consolidations in a bear with the plunges that used to be breakouts to the upside. I wonder if HUI 150 will hold. I am not backing up any truck until I am sure there is not another cliff behind me!!! 🙂
North,
I agree.. As we head lower at some point buying will be an opportunity.
Like you say 150 needs to hold..
168 target was hit yesterday as i said 🙂
I called for 140-150 next target..
North if 150 breaks were do you see the next major support?
Glenfidish, I believe Plunger has mentioned 100. On the charts it looks to me about 80. In other words, there is nothing much under 150. That 250 area was a very strong region of support. I guess that is why it took so long to breakdown. It is one heck of a bear market, that is for sure.
It truly is north