GDX 60 min, as I stated on the weekend and
yesterday, I said that at a minimum we should see a wave C up.
The GDX/GLD ratio crossed the trendline yesterday
GDX 15 min view - gapped up out of the
triangle pattern, so you had to buy it inside the pattern, but the
GDX/GLD ratio broke the trendline yesterday and we favored an
upside break, so hopefully you owned at least a little GDX coming
into today.
In my experience, GDX gaps a lot and many times you just have to
anticipate what the pattern will do because if you wait for the
pattern to break, it gaps and doesn't let you in
yep I've discussed GDXJ a lot the last couple weeks. GDXJ
was the largest under performing sector that I follow
last year. It lost -34% last year, which was double what GDX
lost (-15%) and even larger than the Bank sector which lost
-25%
My point was in my
Jan 2nd newsletter that small gap gold stock sector
was extremely oversold
GDX comments
Posted by matt on 10th of Jan 2012 at 09:38 am
GDX 60 min, as I stated on the weekend and yesterday, I said that at a minimum we should see a wave C up. The GDX/GLD ratio crossed the trendline yesterday
GDX 15 min view - gapped up out of the triangle pattern, so you had to buy it inside the pattern, but the GDX/GLD ratio broke the trendline yesterday and we favored an upside break, so hopefully you owned at least a little GDX coming into today.
In my experience, GDX gaps a lot and many times you just have to anticipate what the pattern will do because if you wait for the pattern to break, it gaps and doesn't let you in
GDXJ Looks Good too...
Posted by saturn6 on 10th of Jan 2012 at 09:42 am
GDXJ - Update...
Posted by saturn6 on 22nd of Jan 2012 at 08:24 am
Juniors taking the lead...
Review...
Posted by saturn6 on 26th of Jan 2012 at 05:09 am
Popped out of the pattern....
Posted by saturn6 on 23rd of Jan 2012 at 09:41 am
Excellent charts! Thanks!
Posted by viestenz on 22nd of Jan 2012 at 04:34 pm
Excellent charts! Thanks!
yep I've discussed GDXJ a
Posted by matt on 10th of Jan 2012 at 09:46 am
yep I've discussed GDXJ a lot the last couple weeks. GDXJ was the largest under performing sector that I follow last year. It lost -34% last year, which was double what GDX lost (-15%) and even larger than the Bank sector which lost -25%
My point was in my Jan 2nd newslette r that small gap gold stock sector was extremely oversold
GDXJ Lost 34% and didn't even meet it's 'H&S' objective...
Posted by saturn6 on 10th of Jan 2012 at 09:50 am
Gap indicator?
Posted by markplea on 10th of Jan 2012 at 09:42 am