I see, silly me. What's your target range for GDX wave 3, Steve?
And is there a way to predict it like GET does? There must be some
theory behind the GET's algorithm to compute the target ranges.
Thanks for any input on this subject!!
It looks to me like GDX is in Wave 5 down on the 60 minute
charts so I have no idea what you're asking. Just react to a
buy signal if you get one. I believe Matt will be discussing
this tonight. The US Dollar remains in a solid up channel on
my 240 minute chart at this time and is something to monitor
closely if trading Gold or Gold Stocks.
I appreciate your feedback, Steve. I could count only 3 waves
down from the top on GDX: one in a falling wedge, then a descending
triangle, and the third one a waterfall drop from that triangle. I
permit to be perfectly wrong here. If you or Matt are willing to
put the wave count on the 60-minute GDX chart and explain why the
count goes there, I'd appreciate it. I need to develop my own
looking and not be dependent on you, Matt or GET to place wave
counts.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I see, silly me. What's
GDX 60 Min. from GET at the end of day
Posted by junkie on 21st of Dec 2009 at 07:13 pm
I see, silly me. What's your target range for GDX wave 3, Steve? And is there a way to predict it like GET does? There must be some theory behind the GET's algorithm to compute the target ranges. Thanks for any input on this subject!!
It looks to me like
Posted by steve on 21st of Dec 2009 at 07:22 pm
It looks to me like GDX is in Wave 5 down on the 60 minute charts so I have no idea what you're asking. Just react to a buy signal if you get one. I believe Matt will be discussing this tonight. The US Dollar remains in a solid up channel on my 240 minute chart at this time and is something to monitor closely if trading Gold or Gold Stocks.
I appreciate your feedback, Steve.
Posted by junkie on 21st of Dec 2009 at 07:34 pm
I appreciate your feedback, Steve. I could count only 3 waves down from the top on GDX: one in a falling wedge, then a descending triangle, and the third one a waterfall drop from that triangle. I permit to be perfectly wrong here. If you or Matt are willing to put the wave count on the 60-minute GDX chart and explain why the count goes there, I'd appreciate it. I need to develop my own looking and not be dependent on you, Matt or GET to place wave counts.