FIGO - I have no interest in picking exact bottoms. With that
said, I see no evidence of a bottom today on the daily charts in
NUGT. All the MA's are in bearish configuration (that will take
time to correct even if a bounce occurs) and the RSI 30 is not yet
oversold. Simply put, I prefer to see price action suggest buyers
are taking some control which would be exhibited in the candles and
or pattern.
The intraday charts are oversold with somde slight divergence on
the short term charts.
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closing DUST buying more NUGT
Posted by FIGO on 14th of Nov 2012 at 01:06 pm
Closing my DUST position Today,Buying more NUGT HERE 12,30
DUST
Posted by: FIGO on the 18th of Oct 2012 at 01:57 pm
DUST
DOING NICELY COULD SEE 30
http://stockcharts.com/h-sc/ui?s=DUST&p=D&b=5&g=0&id=p21463119365&a=278722472
NUGT
Posted by pwb8 on 14th of Nov 2012 at 02:13 pm
I'm looking at doing the same based on MACD divergence.
Help me out here. I
Posted by muslhead on 14th of Nov 2012 at 02:21 pm
Help me out here. I am deep into nugt right now but see no divergence on RSI or MACD. What time frame are you looking at? I am looking daily
TIA
NUGT
Posted by FIGO on 14th of Nov 2012 at 02:35 pm
On my view bottom is in Today/Tomorrow for NUGT
but ask Steve or Matt there opinion aswell
gdx 30
Posted by freddy123321 on 14th of Nov 2012 at 03:09 pm
would be a better place to buy nugt, imo
FIGO - I have no
Posted by steve on 14th of Nov 2012 at 02:42 pm
FIGO - I have no interest in picking exact bottoms. With that said, I see no evidence of a bottom today on the daily charts in NUGT. All the MA's are in bearish configuration (that will take time to correct even if a bounce occurs) and the RSI 30 is not yet oversold. Simply put, I prefer to see price action suggest buyers are taking some control which would be exhibited in the candles and or pattern.
The intraday charts are oversold with somde slight divergence on the short term charts.