Posted by dallassteve on 9th of Jun 2009 at 10:02 am
GDX gapped up to 42.09 this morning, right at the 60 min chart
resistance. Now filled the gap going down. Looks like it is
going back down to 40, where the neckline is on the chart puma
posted yesterday (toggle). Will it bounce again, or break
down through the neckline? I was not nimble enough to short
at 42 this morning, but if I get a chance at 41.5 I will, and I
will be watching that neckline.
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GDX gap filled
GDX
Posted by dallassteve on 9th of Jun 2009 at 10:02 am
GDX gapped up to 42.09 this morning, right at the 60 min chart resistance. Now filled the gap going down. Looks like it is going back down to 40, where the neckline is on the chart puma posted yesterday (toggle). Will it bounce again, or break down through the neckline? I was not nimble enough to short at 42 this morning, but if I get a chance at 41.5 I will, and I will be watching that neckline.