Posted by billrosen on 12th of Oct 2009 at 10:29 am
GDX reversed back down after the run up this morning as it
came up to the high of 49.52 from a few days ago. I took
profits there at 49.38 as the 60 period stochastics came up and
touched touched 80. Will probably buy more if it pulls back again
or will go long on a break above 49.52. I would not be surprised to
see GDX form into an extended triangle over the next week or so and
provide some nice ST term trades long and short as the market will
most likely digest its gains.
Posted by dallassteve on 12th of Oct 2009 at 11:37 am
I just sold my AZK for a 6% profit. Thanks again to the
watchlist.
Could push higher, of course, and now that I have sold it
probably will go much higher, but I am delighted with a 6% gain.
Thanks Bill, for your comments on GDX.
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GDX reversed back down after
Posted by billrosen on 12th of Oct 2009 at 10:29 am
GDX reversed back down after the run up this morning as it came up to the high of 49.52 from a few days ago. I took profits there at 49.38 as the 60 period stochastics came up and touched touched 80. Will probably buy more if it pulls back again or will go long on a break above 49.52. I would not be surprised to see GDX form into an extended triangle over the next week or so and provide some nice ST term trades long and short as the market will most likely digest its gains.
sold AZK
Posted by dallassteve on 12th of Oct 2009 at 11:37 am
I just sold my AZK for a 6% profit. Thanks again to the watchlist.
Could push higher, of course, and now that I have sold it probably will go much higher, but I am delighted with a 6% gain.
Thanks Bill, for your comments on GDX.