I was in GDX and sold just above 10% gain. So I'm pleased
with that but am wondering what happens to the system if GDX clears
the current resistance as with dollar diving it may.
What is the point at which it does clear the current level of
resistance? And would you have a target for it based on the current
pattern.
remember that the 10% target was the lower end of the target
range; one can choose to do a variety of things like sell all after
a 10% move or only sell 1/2 at 10% move and keep the other 1/2 for
until the BPGDM gives a sell signal, or sell at 15% etc.
anyway you made a profit so that's what counts.
regarding the pattern, it's hard to say really, one target could
be 66.5, another could be 73, but read my comments below, can it do
that without the BPGDM coming down a little first?
GDX weekly
Posted by matt on 22nd of Sep 2010 at 09:40 am
the all time high for GDX is 56.73 as back in early 2008
Today's morning high was 56.67, only 5 centsoff that high! Realize that's stiff resistnace
GDX resistance
Posted by jamnow on 22nd of Sep 2010 at 10:26 am
Matt,
I was in GDX and sold just above 10% gain. So I'm pleased with that but am wondering what happens to the system if GDX clears the current resistance as with dollar diving it may.
What is the point at which it does clear the current level of resistance? And would you have a target for it based on the current pattern.
all the best, Jame
GDX resistance
Posted by matt on 22nd of Sep 2010 at 10:30 am
remember that the 10% target was the lower end of the target range; one can choose to do a variety of things like sell all after a 10% move or only sell 1/2 at 10% move and keep the other 1/2 for until the BPGDM gives a sell signal, or sell at 15% etc. anyway you made a profit so that's what counts.
regarding the pattern, it's hard to say really, one target could be 66.5, another could be 73, but read my comments below, can it do that without the BPGDM coming down a little first?
XME right at breakout levels $53
Posted by loveit on 22nd of Sep 2010 at 09:44 am