GDX - Chart Link - the largest rally in
the bear market for GDX has was 15.6 points back in 2012, the
current rally off the Feb lows has been 13.4
Interestingly note that if GDX works its way up to the next
horizontal level, around 27.5, it would break symmetry with a 15.1
point rally off the lows
- it's funny Steve is the one who turned me onto symmetry, but I
think I now look at it more than he does at times :) Thanks
Steve for showing me that concept!
GDX weekly symmetry comments
Posted by matt on 30th of Apr 2016 at 12:26 pm
GDX - Chart Link - the largest rally in the bear market for GDX has was 15.6 points back in 2012, the current rally off the Feb lows has been 13.4
Interestingly note that if GDX works its way up to the next horizontal level, around 27.5, it would break symmetry with a 15.1 point rally off the lows
- it's funny Steve is the one who turned me onto symmetry, but I think I now look at it more than he does at times :) Thanks Steve for showing me that concept!
Matt, wasn't the 2012 bear market rally for GDX that you refer to 15.61 points?
Posted by RichieD on 1st of May 2016 at 06:48 pm
53.36 - 37.35 = 15.61 not 14.61, meaning there may be more room to run than implied in your comment.
Answer: Correct but focus on what's in front of you..symmetry is best used as a guide.
53.36 - 37.35 = 15.61 and 53.36 - 39.02 = 14.34 Steve