This weekly shows clearly why we are all feeling in limbo right now. ….Its because we are.

HUI broke out of a good well defined triangle down but now it is attempting (feebly) an around the apex move and ping ponging between the 50 and 200 dma out beyond the apex.

Nobody has control yet…Not the bears and Not the Bulls

Its an enegma…both the uptrend and the downtrend have been breached but with NO energy

As Someone here (Avacado Pit ?) pointed out Edwards and Magee highlight this in their bible of TA

When the breakout is at or near the apex you often get this wishy washy action.

Now its the smaller red pattern we watch. Bollinger bands are tight…usually means big move pending…could go on for a few more weeks / months though

sheesh