Posted by frtaylor on 18th of Oct 2012 at 02:22 pm
Steve, do you believe GDX won't correct to below the low of
50.81? I've seen other charts that indicate it could go down
to around 48. Of course, no one knows, and mostly it will
depend on what gold does. Thanks for the charts, I'm short
from yesterday at 53.05.
frtyalor......GDX failed at its now declining 20 day MA and has
an evening star pattern developing on the daily. Initial target
would be the open gap, then the previous low and a possible test of
its 50 day MA.
Steve, do you believe GDX
GDX Views
Posted by frtaylor on 18th of Oct 2012 at 02:22 pm
Steve, do you believe GDX won't correct to below the low of 50.81? I've seen other charts that indicate it could go down to around 48. Of course, no one knows, and mostly it will depend on what gold does. Thanks for the charts, I'm short from yesterday at 53.05.
frtyalor......GDX failed at its now
Posted by steve on 18th of Oct 2012 at 02:40 pm
frtyalor......GDX failed at its now declining 20 day MA and has an evening star pattern developing on the daily. Initial target would be the open gap, then the previous low and a possible test of its 50 day MA.
As always, thanks for taking
Posted by frtaylor on 18th of Oct 2012 at 02:56 pm
As always, thanks for taking the time to answer.