JSE, Gold Mining Index, J150

This 4-hourly chart of the JSE Gold Mining Index, J150, sees the commence of Minor wave 3 of Intermediate wave (5). This is all within Primary wave [3]. Clive Roffey takes a look at the Gold Price using his system and surmises that this has been a pause in an ongoing bull trend and it is of no concern to him if it decides to continue correcting.
Everyone else is scratching their head. Especially the mad hatters at Old Mutual who find the heat too much and are closing down their best (and only) performing funds whilst increasing their bonus pay.
The break of the resistance line will confirm that this is Minor wave 3 action.

 

Roffey Review 21st October..