Now or Never

My system moved sharply higher to +1125 keeping the buy signal on. The $HGX has outperformed the market once again closing above its 200 day SMA which brings us to the "now or never" moment. It is likely that there are only 4-5 days, at most, left in this part of the rally before the market consolidates. Therefore the $HGX is going to have to break 100 in these 4-5 days or this will be a major bull failure that dwarfs what happened last week and has longer term implications that I won't go into until it happens. If this rally actually does occur over the next 4-5 days, then the top of this rally leg off of the March bottom will occur sometime between June and September and will be the top for 2009. After a consolidation that lasts into the first quarter of 2010, there should be one more rally leg higher in 2010 to end the cyclical bull market. One thing is for sure, if the $HGX is going to attempt this feat over the next few days, it's going to need some serious volume behind it.