Jeff Kern:
\nAny time the 92-96 index buys on the SKI Path of Trades there is the possibility of a true bull market. This buy signal was quite unusual and the following will appear to be complicated. Therefore, it can be signaling a further rise, but it should NOT be a true bull market that yields 100%-500% gains during the next year.<\/p>\n
Conclusion<\/p>\n
There is the potential for a continuing rise in the gold stocks due to this past Thursday\u2019s generation of a master 92-96 index buy signal. But this should not be the start of a true SKI bull market. What matters is the sell stop: A new 92-96 index sell signal. That would occur when USERX declines to below the green line on this complimentary SKI chart.<\/p>\n
You should be able to see that the green line remains rather flat for a lengthy period of time. In other words, if one is long the gold stocks from this past Thursday-Friday\u2019s buy signal, this rise will need to continue for months in order for the sell-stop to be activated at a profit. That CAN occur here. As other technicians have reported, this past week\u2019s Commitment of Traders Report was unusually bullish. Just do not remain long if the 92-96 index\u2019s sell-stop is activated. <\/p>\n
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