Posted by billrosen on 9th of Oct 2009 at 12:30 pm
GDX broke below 48.00 support, watch for it to maybe find
support around 46.50-47.50 and maybe rally to shake out some
shorts, wouldn't be surprised to see it work a right shoulder for a
few days as a H&S pattern could be developing (see 10 day 15
minute chart) and then self early next week, something to watch
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GDX broke below 48.00 support,
Posted by billrosen on 9th of Oct 2009 at 12:30 pm
GDX broke below 48.00 support, watch for it to maybe find support around 46.50-47.50 and maybe rally to shake out some shorts, wouldn't be surprised to see it work a right shoulder for a few days as a H&S pattern could be developing (see 10 day 15 minute chart) and then self early next week, something to watch