Now if the dollar turns down, and gold bounces, then GDX could
indeed have a substantial bounce as well like to $50, especially in
the MMs decide to fly too.
Check out matt's 15 and 60 min charts [in the sticky
section]--only the 60 min slo sto 60 needs to confirm by crossing
above 20 now...the daily GDX found solid support on its uptrend
line and the BPGDM has flattened, potentially getting ready to turn
up.
Watch the dollar and gold.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
GDX looking good
GDX 60 Min. from GET at the end of day
Posted by perthx on 21st of Dec 2009 at 06:15 pm
Wave 5 is done, imo.
Now if the dollar turns down, and gold bounces, then GDX could indeed have a substantial bounce as well like to $50, especially in the MMs decide to fly too.
Check out matt's 15 and 60 min charts [in the sticky section]--only the 60 min slo sto 60 needs to confirm by crossing above 20 now...the daily GDX found solid support on its uptrend line and the BPGDM has flattened, potentially getting ready to turn up.
Watch the dollar and gold.