Posted by frtaylor on 25th of Aug 2011 at 11:30 pm
Don't know about that, (I need to look up "three mountains" in
Nison's book) but two things have my attention on the daily:
1. We had a higher high on Monday compared to the 7/25
high but the MACD did not confirm: negative divergence is
present.
2. The "K" signal line on the 60, 3 stochastics crossed below
80% today.
OTOH, today's volume was about 108% of average, which means it
could be more than a snap-back bounce. It can certainly go higher,
but I chickened out and sold my GDX today. So hard to stick
to the mechanical system!
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Don't know about that, (I
Triple Top - GDX Question
Posted by frtaylor on 25th of Aug 2011 at 11:30 pm
Don't know about that, (I need to look up "three mountains" in Nison's book) but two things have my attention on the daily:
1. We had a higher high on Monday compared to the 7/25 high but the MACD did not confirm: negative divergence is present.
2. The "K" signal line on the 60, 3 stochastics crossed below 80% today.
OTOH, today's volume was about 108% of average, which means it could be more than a snap-back bounce. It can certainly go higher, but I chickened out and sold my GDX today. So hard to stick to the mechanical system!