powerchord- the daily renko never gave a buy, plus the daily was at
resistance, logical to pullback here
with oil rocketing and gold down,
it's not ready. Now if gold stocks pullback a little and
forms a better base then maybe it will be ready.
The Stochastics has worked fairly
well before but also if you look back, it can whipsaw at times and
this alone is not good enough for a buy signal especially when gold
stocks were overbought and at resistance.
powerchord - the daily renko never
GDX
Posted by matt on 9th of May 2008 at 10:39 am
powerchord - the daily renko never gave a buy, plus the daily was at resistance, logical to pullback here
with oil rocketing and gold down, it's not ready. Now if gold stocks pullback a little and forms a better base then maybe it will be ready.
The Stochastics has worked fairly well before but also if you look back, it can whipsaw at times and this alone is not good enough for a buy signal especially when gold stocks were overbought and at resistance.
GDX
Posted by powerchord on 9th of May 2008 at 10:52 am
Mat:
when u have a chance please post your GDX daily renko chart -- Mine shows a buy -- I'd like to see where we differ -- Thanks
GDX
Posted by powerchord on 9th of May 2008 at 10:45 am
Thanks