Yes but that can be negated on continued weakness, one must see
a buy trigger and more importantly, price must impulse up and begin
to change trend. It will take quite some time to change the
momentum as I've discussed ad nauseum.
I've seen dead cats bounce better than GDX of late, it simply
waited for the 9 day to come down and then pressed lower. Respect
the trend until evidence changes.
yep, also that macd zero line acted as a barrier, it went up to
get close then reversed down on the 60min, poss buy area could be
the 23 even area...support there
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Yes but that can be
GDX
Posted by steve on 17th of Sep 2014 at 04:20 pm
Yes but that can be negated on continued weakness, one must see a buy trigger and more importantly, price must impulse up and begin to change trend. It will take quite some time to change the momentum as I've discussed ad nauseum.
I've seen dead cats bounce better than GDX of late, it simply waited for the 9 day to come down and then pressed lower. Respect the trend until evidence changes.
yep, also that macd zero
Posted by himsa on 17th of Sep 2014 at 04:39 pm
yep, also that macd zero line acted as a barrier, it went up to get close then reversed down on the 60min, poss buy area could be the 23 even area...support there