again read my comments below: One needs to have two sets
of parameters for analyzing stocks, one for normal linear trading
conditions when your normal overbought and oversold parameters
work, and one for parabolic momo times when you need to ignore your
normal overbought/oversold parameters. Generally in the
parabolic moves, I look for dojis, hammers with price very extended
from the 5 EMA as a good guide on the daily, along with some
divergence on an intra day chart to confirm
right now anyway GDX and gold are trading inverse to the market
lock stock and barrel, once the market puts in a tradeable low
we'll likely see gold put in at least a short term tradeable
top
if you read my comments from a few weeks back that was my point,
I saw too many people not trusting the move, calling it a bear
trap, thinking it would just go back down again because that's
worked so well the last few years, yes it's best to play the trend,
but the trend does change eventually and I think we saw that in the
charts, and my comments were that I thought gold stocks would have
a good 2016
ha ha you should ask Steve about that, his big pet peeve, we get
so many questions that were covered in newsletters, it's like
didn't you listen.
I understand we have a lot of folks who are not trades they
don't do the trade ideas etc and intra week they are busy with
jobs, however I think one should listen to the weekend newsletters
at least just to get a feel for things we are saying at the bigger
trend etc
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GDX
Posted by mla127 on 8th of Feb 2016 at 11:32 am
So much G-Force in this move ... but it's beyond overextended ...
again read my comments below:
Posted by matt on 8th of Feb 2016 at 11:36 am
again read my comments below: One needs to have two sets of parameters for analyzing stocks, one for normal linear trading conditions when your normal overbought and oversold parameters work, and one for parabolic momo times when you need to ignore your normal overbought/oversold parameters. Generally in the parabolic moves, I look for dojis, hammers with price very extended from the 5 EMA as a good guide on the daily, along with some divergence on an intra day chart to confirm
right now anyway GDX and
Posted by matt on 8th of Feb 2016 at 11:38 am
right now anyway GDX and gold are trading inverse to the market lock stock and barrel, once the market puts in a tradeable low we'll likely see gold put in at least a short term tradeable top
GDX has been beat up for years...
Posted by zitron on 8th of Feb 2016 at 11:47 am
I am thinking the sector is a "nak su cal!" phase
Kickboxer
if you read my comments
Posted by matt on 8th of Feb 2016 at 11:50 am
if you read my comments from a few weeks back that was my point, I saw too many people not trusting the move, calling it a bear trap, thinking it would just go back down again because that's worked so well the last few years, yes it's best to play the trend, but the trend does change eventually and I think we saw that in the charts, and my comments were that I thought gold stocks would have a good 2016
Jean Claude won, Matt...
Posted by zitron on 8th of Feb 2016 at 12:07 pm
I am pretty sure there are members that don't listen to the newsletters, but probably don't post or read the Trading Community either.
ha ha you should ask
Posted by matt on 8th of Feb 2016 at 12:15 pm
ha ha you should ask Steve about that, his big pet peeve, we get so many questions that were covered in newsletters, it's like didn't you listen.
I understand we have a lot of folks who are not trades they don't do the trade ideas etc and intra week they are busy with jobs, however I think one should listen to the weekend newsletters at least just to get a feel for things we are saying at the bigger trend etc