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GDX - daily, breaking the trendline yesterday was not good, and today it's lost the Feb low
GDX - weekly chart, longer term target might now be the lower trendline of the weekly wedge pattern, which means taking out the Dec lows
Noticing there is pos divergence between the Oct low and the Dec low, so if we do make another low, I suppose it could be a good long?
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GDX comments
Posted by matt on 6th of Mar 2012 at 10:14 am
GDX - daily, breaking the trendline yesterday was not good, and today it's lost the Feb low
GDX - weekly chart, longer term target might now be the lower trendline of the weekly wedge pattern, which means taking out the Dec lows
Noticing there is pos divergence
Posted by frtaylor on 6th of Mar 2012 at 07:02 pm
Noticing there is pos divergence between the Oct low and the Dec low, so if we do make another low, I suppose it could be a good long?