Posted by paulchan on 21st of Dec 2009 at 12:37 pm
today, the GDX is not follow the general market as usual. even
all the markets are up 1%. Usually GDX follow the general markt
even though gold is down. Anyone entry the long to GDX or still
waiting for it.
Posted by hurricanemalta on 21st of Dec 2009 at 12:55 pm
GDX daily chart looks really heavy to me..look at the daily
histogram..that thing would squash a sumo wrestler!And the
MACD line shows no sign of turning up.I am waiting to see if we get
nearer the lower channel line which is pretty much the same as the
200 day MA...just under 42!We'll see...GDX heading to the south
pole...lol..!
today, the GDX is not
Posted by paulchan on 21st of Dec 2009 at 12:37 pm
today, the GDX is not follow the general market as usual. even all the markets are up 1%. Usually GDX follow the general markt even though gold is down. Anyone entry the long to GDX or still waiting for it.
I am waiting to see if the lower channel line (around daily MA 200 ) gets hit
Posted by hurricanemalta on 21st of Dec 2009 at 12:55 pm
GDX daily chart looks really heavy to me..look at the daily histogram..that thing would squash a sumo wrestler!And the MACD line shows no sign of turning up.I am waiting to see if we get nearer the lower channel line which is pretty much the same as the 200 day MA...just under 42!We'll see...GDX heading to the south pole...lol..!
I'm starting to bite long
Posted by Palladin on 21st of Dec 2009 at 12:45 pm
I'm starting to bite long gold for a short term trade. So far its biting back!