keith -
as far as GDX pulling back, if it's a wave 2 or wave B, those can
retrace quite a bit such as 50% - 62%
however refer to my 60 min
chart as well, if it forms a RS on a pullback, really I wouldn't
want to see it go much below the LS low of 41 in order form a RSI
of an Inv H&S pattern
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
keith - as far as GDX
BPGDM system switches back to a buy signal
Posted by matt on 22nd of May 2012 at 12:50 pm
keith - as far as GDX pulling back, if it's a wave 2 or wave B, those can retrace quite a bit such as 50% - 62%
however refer to my 60 min chart as well, if it forms a RS on a pullback, really I wouldn't want to see it go much below the LS low of 41 in order form a RSI of an Inv H&S pattern