Hmx Article, page-7

Don't know how accurate the Elliot Wave analysis will be, as it is an unusual pattern. The primary waves point to a substantial raise. This time of year, the market is finicky. But it looks like the bottom is in.



The Elliot analysis is supported by the Weinstein Analysis in the chart below and other supportive indicators. The accumulation phase is usually one where position traders stock up, then later institutions get in and manipulate while net accumulating. It is the beginning of a growth stage from a chartist view. However, I have not lost sight of the fundamentals, particularly Kalman. I remain long.



Good luck, all.