regarding gold stocks, here's a 15
min chart of GDX, here's what I'm watching:
- The slow 60 period stochastics
works well via crossing 20% and 50% for buy signals and below 80%
and 50% for sell signals. The cross of the 60 period stochastics
yesterday in the morning was a good buy signal. Now what we need to
watch for is a cross below 80% for a sell signal, but so far it's
fine.
- Secondly, the GDX to me looks
like it's trying to form a
bull flaghere, and the EMA's (9,21,34) which are
all Fibonacci #'s are acting as support, so I think there is a good
shot that the GDX
has another push
up
I will try, but remember it's best to set up your charts as
well, my posts will generally be delayed, so it's best to set up
your own 15 min charts or other charts as well
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Gold Stocks
Posted by matt on 13th of Aug 2008 at 02:35 pm
regarding gold stocks, here's a 15 min chart of GDX, here's what I'm watching:
- The slow 60 period stochastics works well via crossing 20% and 50% for buy signals and below 80% and 50% for sell signals. The cross of the 60 period stochastics yesterday in the morning was a good buy signal. Now what we need to watch for is a cross below 80% for a sell signal, but so far it's fine.
- Secondly, the GDX to me looks like it's trying to form a bull flaghere, and the EMA's (9,21,34) which are all Fibonacci #'s are acting as support, so I think there is a good shot that the GDX has another push up
But Matt, would you consider this
Posted by athakker on 13th of Aug 2008 at 03:10 pm
But Matt, would you consider this just an oversold bounce?
Matt will you be psoting
Posted by gmohan on 13th of Aug 2008 at 03:00 pm
Matt will you be psoting here when you get a sell signal or indication for us to reduce GDX? Sorry from work following some posts is best I can do !!
I will try, but remember
Posted by matt on 13th of Aug 2008 at 03:07 pm
I will try, but remember it's best to set up your charts as well, my posts will generally be delayed, so it's best to set up your own 15 min charts or other charts as well