On top of GLD breaking out, just noticed that the 34/233 EMAs
fpr the daily chart crossed a few days ago. Unfortunately my Ninja
chart was off, so didn't see it till today (checked stockcharts).
These EMAs are from another member's system that Matt
mentioned.
892 seems to be a key level to watch, above that now but pulling
back from the highs. I tend to doubt the mining stocks will
be able to decouple if we get a real wave 5 down move in the stock
market.... gold itself may be another story though...
Gold
Posted by glennsexton on 23rd of Jan 2009 at 11:51 am
keeps going volume is unreal
On top of GLD breaking
Posted by Vida on 23rd of Jan 2009 at 12:16 pm
On top of GLD breaking out, just noticed that the 34/233 EMAs fpr the daily chart crossed a few days ago. Unfortunately my Ninja chart was off, so didn't see it till today (checked stockcharts). These EMAs are from another member's system that Matt mentioned.
GLD 34/233 EMA
Posted by kpolzin on 23rd of Jan 2009 at 12:54 pm
Don't be surprised if the 34 EMA is back tested.
Right, thanks. Would be a
Posted by Vida on 23rd of Jan 2009 at 01:11 pm
Right, thanks. Would be a good point to add to positions. Will keep an eye on it.
892 seems to be a
Posted by homer on 23rd of Jan 2009 at 12:13 pm
892 seems to be a key level to watch, above that now but pulling back from the highs. I tend to doubt the mining stocks will be able to decouple if we get a real wave 5 down move in the stock market.... gold itself may be another story though...
Market breakdown
Posted by junkmaylbox on 23rd of Jan 2009 at 12:08 pm
We may see a market breakdown as early as Monday next week then.