mf0gli1 - here's the chart you requested, looks like the ratio
broke yesterday. However it's too early to draw a new
downtrend line over the ratio. There was some negative
divergence via the MACD.
otherwise 14/3 stochastics is getting oversold, and the 60
period stochastics is nearing 50% which may be a support. The
uptrend line is quite a bit lower, otherwise keep an eye on 60
period stochastics to see if it finds some support there
Matt--GDX:GLD 60 minute??
Posted by mfogli1 on 3rd of Mar 2011 at 11:14 am
Matt-where are we relative to the GDX/GLD 60 minute trendline? Are we on a sell as of this AM?
mf0gli1 - here's the chart
Posted by matt on 3rd of Mar 2011 at 11:34 am
mf0gli1 - here's the chart you requested, looks like the ratio broke yesterday. However it's too early to draw a new downtrend line over the ratio. There was some negative divergence via the MACD.
otherwise 14/3 stochastics is getting oversold, and the 60 period stochastics is nearing 50% which may be a support. The uptrend line is quite a bit lower, otherwise keep an eye on 60 period stochastics to see if it finds some support there
Just covered my short @
Posted by frtaylor on 3rd of Mar 2011 at 12:39 pm
Just covered my short @ 59.27.
Thanks Matt! Hey, if we
Posted by frtaylor on 3rd of Mar 2011 at 12:33 pm
Thanks Matt! Hey, if we stay below the gap today, it'll form an island top, right?
My own tracking of the
Posted by frtaylor on 3rd of Mar 2011 at 11:15 am
My own tracking of the trendline led me to short it yesterday around 60.85. So far so good.