Posted by sabinemarc on 24th of Jun 2026 at 10:01 am
How do you interpret the fact that the BPGDM has’nt even budged?
Still room for GDX to drop much further or as a contrarian sign?
Double bottom for GDX maybe? Or no correlation is possible?
it's the components. research how Bullish Percent charts
are made - they are based on the % of stocks in the group that are
on point and figure buy signals
I don't know how many stocks make up GDX and BPGDM these days,
it used to be around 30, but clearly none of them went on P&F
sell signals the last few days, you need at least one of the stocks
to go on a P&F sell signal to cause BPGDM to move down - I
would guess most or none of you even look at point and figure
charts, it's old charting style
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How do you interpret the
GDX 120 min and BPGDM
Posted by sabinemarc on 24th of Jun 2026 at 10:01 am
How do you interpret the fact that the BPGDM has’nt even budged? Still room for GDX to drop much further or as a contrarian sign? Double bottom for GDX maybe? Or no correlation is possible?
it's the components. research how
Posted by matt on 24th of Jun 2026 at 10:03 am
it's the components. research how Bullish Percent charts are made - they are based on the % of stocks in the group that are on point and figure buy signals
I don't know how many stocks make up GDX and BPGDM these days, it used to be around 30, but clearly none of them went on P&F sell signals the last few days, you need at least one of the stocks to go on a P&F sell signal to cause BPGDM to move down - I would guess most or none of you even look at point and figure charts, it's old charting style