GDX retraced almost 50% of the decline from yesterday's highs.
While that move up could be the A of an 'abc' B wave retrace,
my gut says to look for yesterday's gap to be filled today, or
tomorrow. If this is a B wave 'abc' bounce, it has
upside potential to .786 or 49.74
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GDX retraced almost 50% of
GDX sell signals
Posted by perthx on 7th of Jan 2010 at 11:31 am
GDX retraced almost 50% of the decline from yesterday's highs. While that move up could be the A of an 'abc' B wave retrace, my gut says to look for yesterday's gap to be filled today, or tomorrow. If this is a B wave 'abc' bounce, it has upside potential to .786 or 49.74