Its very obvious when comparing the HUI to the XGD that the HUI is leading by one rally cycle. The HUI broke out of its 16 month triangle consolidation pattern back in September and it now appears the backtest is complete by the breakout of the bull flag. On the other hand the XGD.to is still in its triangle consolidation pattern, now 21 months old, that began at the same time as the HUI. Make no mistake about it but the XGD.to is getting ready to breakout of its 21 months triangle formation as shown by the expanding flag forming just underneath the big blue rail of the triangle. We could not ask for any better setup for the HUI and the XGD.to to start the next leg up which should light a fire under some of the juniors.
Peace….Rambus
hui-to-xgd.pngxgd-weed.png