HOC possible 123 Low???

dl.dropboxusercontent.com/u/7238706/HOCHSCHILD.png

IMO could fall to around the 200 mark where there is long-standing support. It would also represent a pull-back to the target area between 50 & 61.8 fibs of the recent swing to 291.5.

Down another 4% so far today. Could move either way tomorrow after Fed news, so worth keeping an eye on IMO.

All gold/silver miners falling heavily

Rising wedge broke down today. I have trendline support in the 242 area then horizontal support at 215 and the 50% retracement of the 135 move at 213 but that would make a lower low. RSI has broken support and the warning was in the MACD divergence.

Probably better to let this find a bottom.

uk.advfn.com/p.php?pid=chartscreenshotsh...FRVQKpFDyxhi15JQE%3D

Big sell off here -9%. I have next support at 215

Yes, I will monitor but it will not hold in the face of gold/silver decline. FOMC next week should set a tone.

This is still hanging around the resistance area so still looks good for a possible breakout soon.
Id only be concerned if this went below 265 then it could most likely head towards the trend line again.
Nice cup and handle formation on this still. So worth keeping in your watchlist


dl.dropboxusercontent.com/u/4899609/hocm13thsept.png