where it creates an outside day with new highs. Don't know if we
will get that. Really not enough divergence for me to short
overnight. If you look at the intra-day charts, they just unwound
today above the gap. Don't listen to me as I operate with my
charts, gut, and personal preferences.
This pattern on GDX could be very bearish short term as well.
Stick to your plan members, just letting you know I took profits on
that short...
If we can push above yesterday's highs near the open, GDX could
create that bearish engulfing I mentioned herein. Just looking at
other occurrences (behavior/patterns) as a guide.
My nerves are shot. Not holding this short overnight.
GDX 3m
Posted by zitron on 8th of Feb 2016 at 03:18 pm
Although speculation pays every once in a while.
Like to see a bearish engulfing day with GDX
Posted by zitron on 8th of Feb 2016 at 03:29 pm
where it creates an outside day with new highs. Don't know if we will get that. Really not enough divergence for me to short overnight. If you look at the intra-day charts, they just unwound today above the gap. Don't listen to me as I operate with my charts, gut, and personal preferences.
This pattern on GDX could be very bearish short term as well. Stick to your plan members, just letting you know I took profits on that short...
Now, GDX fans who like to short...
Posted by zitron on 9th of Feb 2016 at 07:48 am
If we can push above yesterday's highs near the open, GDX could create that bearish engulfing I mentioned herein. Just looking at other occurrences (behavior/patterns) as a guide.
Gold stocks short ETF
Posted by kab34 on 9th of Feb 2016 at 08:20 am
what ETF would best represent shorting GDX?
ANSWER: GDX or NUGT (Leveraged Play) If possible prefer to short NUGT than buy DUST
DUST (leveraged) would be a consideration for long side play against GDX
Gdx short
Posted by kab34 on 9th of Feb 2016 at 08:27 am
Sorry, I meant without shorting GDX, what inverse ETF would be like shorting GDX.