Posted by dallassteve on 9th of May 2012 at 10:31 am
I see support in this zone down until the 40 area, and I think
Matt has indicated this support zone several times. If that
area goes...61.8% next?
Do you see a broadening wedge pattern ( since Dec. 2010) here?
Depending on how you measure it, it could nicely correspond
to the 35 area, or a bit lower.
I feel it could happen. Just a feeling. But I am
watching the dollar to see which way it breaks it's triangle.
(chart 25 of newsletter).
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nice GDX weekly view
gdx weekly - At the 50 fib
Posted by dallassteve on 9th of May 2012 at 10:31 am
I see support in this zone down until the 40 area, and I think Matt has indicated this support zone several times. If that area goes...61.8% next?
Do you see a broadening wedge pattern ( since Dec. 2010) here? Depending on how you measure it, it could nicely correspond to the 35 area, or a bit lower.
I feel it could happen. Just a feeling. But I am watching the dollar to see which way it breaks it's triangle. (chart 25 of newsletter).