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a 50% retrace of the drop from 61.30 to 58 would be at 59.70, and we're almost there. Might not be a bad place to exit, maybe 1/2.
OTOH, the 10 min chart on today's action suggests it might want to have another push over 59.76.
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a 50% retrace of the
GDX - sell signal, but ratio just went long
Posted by frtaylor on 30th of Mar 2011 at 03:40 pm
a 50% retrace of the drop from 61.30 to 58 would be at 59.70, and we're almost there. Might not be a bad place to exit, maybe 1/2.
OTOH, the 10 min chart
Posted by frtaylor on 30th of Mar 2011 at 03:57 pm
OTOH, the 10 min chart on today's action suggests it might want to have another push over 59.76.