I see the resistance at the upper channel trendline and the
20-SMA. But, any thoughts where GDX would be when 60-period
stoch gets to 50 and 80? If it's in the same range as the upper
trendline and 20-SMA that's pretty strong confirmation. But if GDX
needs to get higher than that to get to 50 or 80 on 60-period stoch
I'd like to know that too.
That's why I said I think GDX is likely to pause at resistance,
then maybe have some pullback to form a higher low, whichw would
allow the 60 period stochastic to catch up, then you would get a
double buy signal on a break of the channel and stochstics, may or
may not happen that way, just a possibility that I could see
occuring
Posted by junkmaylbox on 17th of Sep 2008 at 10:53 am
Matt, So when would you recommend buying gold stocks: at a
dropback, after breaking out of the channel, if at all? I have none
at the moment, am waiting to see clear waters before I commit.
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Now that GDX is on
Gold Stocks with Charts
Posted by lsherrer on 17th of Sep 2008 at 10:16 am
Now that GDX is on the move, is it time to make long-term investments in the metal?
Is gold finished with its mini-bear cycle?
long term gold
Posted by ben08 on 17th of Sep 2008 at 01:00 pm
I was wondering the same thing for my 401k Gold fund that you must hold 30 days, if Matt thinks this rally will last a while
I see the resistance at
Posted by vardog on 17th of Sep 2008 at 10:48 am
I see the resistance at the upper channel trendline and the 20-SMA. But, any thoughts where GDX would be when 60-period stoch gets to 50 and 80? If it's in the same range as the upper trendline and 20-SMA that's pretty strong confirmation. But if GDX needs to get higher than that to get to 50 or 80 on 60-period stoch I'd like to know that too.
That's why I said I
Posted by matt on 17th of Sep 2008 at 10:50 am
That's why I said I think GDX is likely to pause at resistance, then maybe have some pullback to form a higher low, whichw would allow the 60 period stochastic to catch up, then you would get a double buy signal on a break of the channel and stochstics, may or may not happen that way, just a possibility that I could see occuring
Matt, So when would you
Posted by junkmaylbox on 17th of Sep 2008 at 10:53 am
Matt, So when would you recommend buying gold stocks: at a dropback, after breaking out of the channel, if at all? I have none at the moment, am waiting to see clear waters before I commit.