GDX:GLD - Chart Link - this is the chart
I'm watching for GDX, the ratio trendline and the trendline on GDX.
GDX - Chart Link - 60 min view, as you
know it stopped at the downtrend channel yesterday. if the
thin trendline inside the pattern is lost, it could have another
leg down inside the channel.
GDX - Chart Link - 15 min view, H&S
pattern perhaps, however I don't like H&S patterns as much at
basing patterns, but it's valid, and those trendlines are
important.
GDX - Chart Link - 5 min view, even on a 5
min view the GDX/GLD trendlines work well
Posted by mdschapiro on 18th of Apr 2012 at 12:29 pm
A look at the 4 year daily shows a consolidation under/after
broken support and around the 38% retracement, if it loses the
38% no real support until the low 40's. To keep in mind just
in case.
GDX comments
Posted by matt on 18th of Apr 2012 at 12:20 pm
GDX:GLD - Chart Link - this is the chart I'm watching for GDX, the ratio trendline and the trendline on GDX.
GDX - Chart Link - 60 min view, as you know it stopped at the downtrend channel yesterday. if the thin trendline inside the pattern is lost, it could have another leg down inside the channel.
GDX - Chart Link - 15 min view, H&S pattern perhaps, however I don't like H&S patterns as much at basing patterns, but it's valid, and those trendlines are important.
GDX - Chart Link - 5 min view, even on a 5 min view the GDX/GLD trendlines work well
A look at the 4
Posted by mdschapiro on 18th of Apr 2012 at 12:29 pm
A look at the 4 year daily shows a consolidation under/after broken support and around the 38% retracement, if it loses the 38% no real support until the low 40's. To keep in mind just in case.
yes here's the weekly chart
Posted by matt on 18th of Apr 2012 at 12:33 pm
yes here's the weekly chart with Andrew's Pitchfork
You could make a case
Posted by mdschapiro on 18th of Apr 2012 at 12:37 pm
You could make a case for counting that chart as 1) the first move down from the top, then an a-b-c flat 2), and now 3) in progress.