GDX - appears that a symmetrical triangle is forming

    Posted by matt on 3rd of Apr 2011 at 09:53 pm

    GDX daily

    GDX weekly

    Triangles are typically ABCDE patterns, see the the daily chart as a potential scenario.  Energy is building

    gdx

    Posted by fixdgear on 4th of Apr 2011 at 07:49 am

    Surprised

    yet the mechanical system is on a sell....well i hope it sells because this will be my third loss following this system... Tongue out

    I got out on Friday

    Posted by deberah on 4th of Apr 2011 at 08:35 am

    I got out on Friday for a small win.  Now the question is, since it's gapped up, do I get back into the system trade at a better price?  Or do I just wait for new signal for a buy?  Matt?

     

    gdx

    Posted by fixdgear on 4th of Apr 2011 at 09:50 am

    not if u were following the gdx system ...lol..its been in the red since it changed over to a sell at the close....of course..i listened to it...its a loosing trade right now for me...

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