Hopefully we'll get a washout today, volume was pretty heavy on
GDX yesterday, maybe a doji on high volume today. Just don't try to
catch a falling knife...
Another thing that would be positive would be a red to green
move where it's weak in the morning and closes up. A lot of
bottoms tend to form that way; start off weak in the morning then
reverse, NOT by starting off strong. Whenever I'm looking for
a tradeable low in something, I want to see it start off weak in
the morning not strong.
Hopefully we'll get a washout
JNUG buy: that was so obvious buy. Like shooting fish ...
Posted by oatdust on 11th of Sep 2018 at 10:11 am
Hopefully we'll get a washout today, volume was pretty heavy on GDX yesterday, maybe a doji on high volume today. Just don't try to catch a falling knife...
on GDX yes I would
Posted by matt on 11th of Sep 2018 at 10:15 am
on GDX yes I would love to see a doji etc.
Another thing that would be positive would be a red to green move where it's weak in the morning and closes up. A lot of bottoms tend to form that way; start off weak in the morning then reverse, NOT by starting off strong. Whenever I'm looking for a tradeable low in something, I want to see it start off weak in the morning not strong.
It's still early, but GDX
Posted by pebs on 11th of Sep 2018 at 12:27 pm
It's still early, but GDX has that doji look to it. Let's see how it closes.