I had no idea the gdx system went short on the 4th...........I
mean, its fine, it went higher, hopefully it doesn't gap too much
down in the morning and I'll short ...
go to "newsletters" and mouse over last Thursday, Nov 4th. click
on "GDX swing system update" and you will see Matt has four options
for how to play this particular circumstance. Interestingly, one
approach for selling and/or going short (if you've already sold)
involves using a 60 minute chart and following either the 60/3 slo
sto for a cross under 80, or watch for the GDX:GLD ratio to break
the trendline. For the trendline, see Matt's blog post of Nov 4th
w/ a Stockchart.com graph.
gdx
Posted by Michael on 7th of Nov 2010 at 08:50 pm
I had no idea the gdx system went short on the 4th...........I mean, its fine, it went higher, hopefully it doesn't gap too much down in the morning and I'll short ...
go to "newsletters" and mouse
Posted by frtaylor on 8th of Nov 2010 at 07:14 am
go to "newsletters" and mouse over last Thursday, Nov 4th. click on "GDX swing system update" and you will see Matt has four options for how to play this particular circumstance. Interestingly, one approach for selling and/or going short (if you've already sold) involves using a 60 minute chart and following either the 60/3 slo sto for a cross under 80, or watch for the GDX:GLD ratio to break the trendline. For the trendline, see Matt's blog post of Nov 4th w/ a Stockchart.com graph.
thanks -- somehow I never
Posted by Michael on 8th of Nov 2010 at 07:34 am
thanks -- somehow I never saw that...........
GDX system
Posted by mamaduck on 7th of Nov 2010 at 09:18 pm
Michael, technically it did not go short. It just hit profit target and cashed out. Rule #4 says:
4. Exit Longs when $BPGDM goes above 83.5%
gdx
Posted by Michael on 7th of Nov 2010 at 10:04 pm
mama -- oh -- thanks -- so I should be cashed out but not short, right?
gdx
Posted by mamaduck on 7th of Nov 2010 at 10:34 pm
Correct. That is my understanding of the system and that is where I am with it.