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RE: July 3, 2017 The Bears Reloaded 181.84 the New Frontline - Perfect Price Discovery
thanks for such a well written article :)
whats this HUI you speak of?
whats your ROI so far with this trading strategy?
The HUI (symbol $HUI) is an index of the of the mining companies on the US Stock exchange sometimes called the Gold BUGS index and consists of the 15 largest mining companies, including Goldcorp, Barrick, Alamos, Newmont, Anglogold ashanti, gold Fields, Rangold, Sibanye, New Gold, Kinross, Agnico, Eldorado, Cia de Minas, Harmony and Yamana.
As for ROI as of January 3, 2017 ending last Friday around 70% thus far on the year. Most of the gains are made when the market has a major trend in play. For example I went long in early December (bought too early) sold all longs on Febraury 8th and 9th. I should mention that I trade highly leveraged instruments that are not for everyone, but high risk high rewards (also high losses). Currently I am expecting one of those changes in trend for a summer rally but that has yet to be confirmed. In the mean time, this is a gambler's market, and yes I do gamble in it, not huge bets but just enough to keep myself honest and in tune with the market or as of right now not in tune with the market :). I look at it as if the market is trying to tell us something, these numbers are like road signs telling us the direction and duration of moves. Price is just one aspect time is the other. Just as there are certain prices that are important there are also certain dates that are important.
If you go back and read some of my earlier posts I have printed two specific dates June 19th and July 14th. On June 19th I was looking for a low in the HUI that came around the daily price target of 185.03 on the next day June 20th and the market rallied. When time and price are in sync look for a change in direction.
The other important dates so far this year were 2/8/17; 3/14/17; 4/20/17; 5/12/17; 6/19/17 and 6/20/17. As these days approached or with in a few days after then I looked to price if they were in sync I open or close positions. Easy enough for the past but a true test is how accurate will these time markers be in the future. Future important dates for the HUI are July 14th, August 17th, September 6th, November 29th, December 6th and December 28th. Time is always a little more vague, it is for me a brief window of clarity in the market, if when the window is open the price is clearly revealed, it is time to exit or enter positions, especially if the market is oversold or overbought.
I am sure that is a great deal more than what you wanted to know, but at least I have gone on the record with important dates that can test time and price functions.