Posted by cwa82675 on 27th of May 2010 at 02:38 pm
thanks for the chart puma. I agree gdx looks weak here and
has neg div on all minute timeframes. I loaded a one day chart to
pick a good shorting point and was lucky enough to load a few
minutes before the final touch of the upper trendline in this
wedge. This is a 2 min chart though so dont give it too much
credibility. I picked up a few calls. Would have taken a more
aggressive position but I am worried the market may play out the
h&s pattern so I want to keep lots of gunpowder ready for
higher prices.
thanks for the chart puma.
GDX 15 MIN divergence
Posted by cwa82675 on 27th of May 2010 at 02:38 pm
thanks for the chart puma. I agree gdx looks weak here and has neg div on all minute timeframes. I loaded a one day chart to pick a good shorting point and was lucky enough to load a few minutes before the final touch of the upper trendline in this wedge. This is a 2 min chart though so dont give it too much credibility. I picked up a few calls. Would have taken a more aggressive position but I am worried the market may play out the h&s pattern so I want to keep lots of gunpowder ready for higher prices.
seems to be breaking here.
Posted by cwa82675 on 27th of May 2010 at 03:19 pm
seems to be breaking here. again this is a 2 min chart.