GDX - Chart Link - can this POS bounce
yet? some divergence on the RSI on the 30 and 60 min charts - I
drew a steep trendline on the 30 min and the wedge on the 60 min.
GDX - Chart Link - below I posted these
charts of GDX, I said to watch the downtrend line on the 30 min
with some divergence, as well as the ratio trendline, at the time
GDX was up 10 cents, NICE move as it's up 85 now, hope some of you
caught it
LOL don't worry about picking 'The bottom' in GDX, listen to
the newsletters and our comments over the last week - perhaps
it's a trade for now, then after a good bounce on the daily chart
for a bit, and on a pullback if it forms a higher low
on lighter volume (perhpas a RS of an inverse H&S
pattern, that's a much lower risk longer term swing trade entry
everyone is always so obsessed with picking 'The Top' or 'The
Bottom' in a market. it's best to view those as trades and
play the trend primarily. Most bottom and top pickers end up
getting stopped out 5 - 10 times before they finally catch the
elusive top or bottom, and then when they finally do, they are so
emotional about it that they end up taking a small profit and miss
the bigger move
GDX comments
Posted by matt on 6th of Mar 2013 at 10:11 am
GDX - Chart Link - can this POS bounce yet? some divergence on the RSI on the 30 and 60 min charts - I drew a steep trendline on the 30 min and the wedge on the 60 min.
GDX - Chart Link
GDX - Chart Link - 5 min with pivots
GDX - Chart Link - below
Posted by matt on 6th of Mar 2013 at 10:50 am
GDX - Chart Link - below I posted these charts of GDX, I said to watch the downtrend line on the 30 min with some divergence, as well as the ratio trendline, at the time GDX was up 10 cents, NICE move as it's up 85 now, hope some of you caught it
GDX - Chart Link
GDX - Chart Link
whats with all the volume in GDX today??? is this the bottom?
Posted by danzanchin on 6th of Mar 2013 at 10:41 am
LOL don't worry about picking
Posted by matt on 6th of Mar 2013 at 11:00 am
LOL don't worry about picking 'The bottom' in GDX, listen to the newsletters and our comments over the last week - perhaps it's a trade for now, then after a good bounce on the daily chart for a bit, and on a pullback if it forms a higher low on lighter volume (perhpas a RS of an inverse H&S pattern, that's a much lower risk longer term swing trade entry
Matt - understand waiting for the right shoulder to form but...
Posted by roger on 6th of Mar 2013 at 12:29 pm
it's ok to get some head too, right?
ha sounds like your mind
Posted by matt on 6th of Mar 2013 at 12:32 pm
ha sounds like your mind is in the gutter but yeah it's OK to get some of that head (GDX that is)
everyone is always so obsessed
Posted by matt on 6th of Mar 2013 at 11:03 am
everyone is always so obsessed with picking 'The Top' or 'The Bottom' in a market. it's best to view those as trades and play the trend primarily. Most bottom and top pickers end up getting stopped out 5 - 10 times before they finally catch the elusive top or bottom, and then when they finally do, they are so emotional about it that they end up taking a small profit and miss the bigger move
GDX comments
Posted by rogerv on 6th of Mar 2013 at 11:31 am
SO TRUE --Also been there, done that
gdx more room to go?
Posted by danzanchin on 6th of Mar 2013 at 12:25 pm
Well said. Been there.
Posted by zitron on 6th of Mar 2013 at 11:05 am
Well said. Been there.
only 5 -10 times?
Posted by hazbin1 on 6th of Mar 2013 at 11:23 am
darn, after all these years and attempts, i thought it was 11, my bad...
Note - the 30 min
Posted by matt on 6th of Mar 2013 at 10:13 am
Note - the 30 min chart was blank when I first posted, so I edited the post and added it, you might need to hard refresh the blog to see it now