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From The Inside Out (by TnRevolution)
The comparisons to 2008 in GDX are striking. If the analog continues, we would be looking at early August 2008 currently. The broken rising MACD trendline, combined with the breakdown in the massive topping pattern, should portend more weakness in the months ahead.
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GDX chart & post
Posted by sbaxman111 on 6th of Mar 2013 at 01:54 pm
From The Inside Out (by TnRevolution)
The comparisons to 2008 in GDX are striking. If the analog continues, we would be looking at early August 2008 currently. The broken rising MACD trendline, combined with the breakdown in the massive topping pattern, should portend more weakness in the months ahead.
wow nice chart, agreed.
Posted by morton13 on 6th of Mar 2013 at 02:18 pm