[HUI] update - must read.

Below is the model from the backlink:



Reality (so far at least) tracked that model almost perfectly:




So, that was "A" bottom but how will we know if it was "the" bottom"?  Well, we have a positive first sign in that the midpoint of Andrew's pitchfork elicited only the briefest of pauses in the momentum.  I's like to see a back test of that from above before continuation but we have to take what we get. 

The next real challenge is the top rail of the falling wedge.  I plan in advance to sell my recently purchased gold related holdings at this point if we see resistance at that point.  If Avi is correct and there is still one more wave down to this M+M bear, this resistance and reversal MUST occur before breaking out the of the fat red line because at that point the momo crowd is going to cry "breakout" and the EW crowd will know that the current wave cannot be a 4th.  So the markets will likely play brinksmanship with that line.

BE SURE to carefully read Avi's new Market watch article that was released today:
http://www.marketwatch.com/story/is-the-gold-bugs-index-on-its-way-to-15000-2015-10-09