Matt: I brought some at 42.07 and set the stop at $39.99. Do you
agree with the approach. I am not sure I understand what you mean
by the MACD setting.
Does the bear flag mean you think it will go back down?
Thanks
Brenda
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GDX 1 min
Posted by matt on 18th of May 2012 at 01:46 pm
GDX - Chart Link - I meant to post this 1 min chart earlier, it was forming a bear flag, clearly it broke to the downside
If you look at the bottom, the 20,50,1 MACD setting (black line) notice how it was riding below zero, that was a negative
GDX
Posted by 200017435 on 18th of May 2012 at 02:28 pm
Matt: I brought some at 42.07 and set the stop at $39.99. Do you agree with the approach. I am not sure I understand what you mean by the MACD setting.
Does the bear flag mean you think it will go back down?
Thanks
Brenda