Sunday, June 23, 2013

HUI weekly and monthly charts

some observations:

1. Nearing the up trendline from 2000

2. The correction from 2008 was 71% from the highs, the current correction so far has been 65%, however this current correction has been going on for over 1 /1/2 years whereas the one in 2008 was only just over 6 months

3. The weekly 14 RSI became much more oversold this time than in 2008 or 2000, however now some positive divergence exists. The monthly 14 RSI appears similar to the RSI from 2000.

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