FYI Steve pointed out to me that wave C as labeled on that
triangle was below A, which breaks the EW rules.
regardless it was a triangle type of pattern or wave B, it
gapped up on the news and took out resistance.
The gold pm stuff is so gappy many times it's best to buy
support with a stop vs waiting for it to breakout because you have
these big gaps. However technically today's gap above the downtrend
resistance line is considered bullish
oatdust - GOLD went on a P&F buy signal today. AGI,
FNV, GOLD, NEM, SBGL are currently on P&F buy signals, to find
that out you can simply run a scan in Stockcharts
there's 30 components in GDX, 5 are on P&F buy signals so
5/30 = 16.67%
GDX 60
Posted by matt on 2nd of Oct 2015 at 09:55 am
GDX - Chart Link - bullish version playing out with wave e put in yesterday
FYI Steve pointed out to
Posted by matt on 2nd of Oct 2015 at 10:03 am
FYI Steve pointed out to me that wave C as labeled on that triangle was below A, which breaks the EW rules.
regardless it was a triangle type of pattern or wave B, it gapped up on the news and took out resistance.
The gold pm stuff is so gappy many times it's best to buy support with a stop vs waiting for it to breakout because you have these big gaps. However technically today's gap above the downtrend resistance line is considered bullish
Well stated Matt...this news created
Posted by steve on 2nd of Oct 2015 at 10:04 am
Well stated Matt...this news created many huge gaps.
Another gold stock went on
Posted by oatdust on 2nd of Oct 2015 at 10:42 am
Another gold stock went on P&F buy signal, not sure which one BPGDM up to 16 percent. Maybe we can get a nice run to upside.
oatdust - GOLD went on
Posted by matt on 2nd of Oct 2015 at 11:53 am
oatdust - GOLD went on a P&F buy signal today. AGI, FNV, GOLD, NEM, SBGL are currently on P&F buy signals, to find that out you can simply run a scan in Stockcharts
there's 30 components in GDX, 5 are on P&F buy signals so 5/30 = 16.67%
Please ring 'the bell' at
Posted by hazbin1 on 2nd of Oct 2015 at 10:07 am
Please ring 'the bell' at the top!
. good trading!