GDX seems to need another short wave down before it will bounce
....I have a target of 47.76 but it may go much further. Then
again, it may be done and just waiting to rally higher but I don't
see the evidence for that, yet!
I'd be really careful about the ratio crossing here. We should
be looking for a decisive break up and over, especially as the 60
period STO is not moved back up yet....though it could....
gdx needs another drop?
Posted by perthx on 12th of Jan 2010 at 02:49 pm
GDX seems to need another short wave down before it will bounce ....I have a target of 47.76 but it may go much further. Then again, it may be done and just waiting to rally higher but I don't see the evidence for that, yet!
I'd be really careful about the ratio crossing here. We should be looking for a decisive break up and over, especially as the 60 period STO is not moved back up yet....though it could....
perth, I concur. The max
Posted by junkie on 12th of Jan 2010 at 03:09 pm
perth, I concur. The max pain on GDX is at 47, last time it worked to a tee in December.
I think so too. Also the open
Posted by Palladin on 12th of Jan 2010 at 03:54 pm
I think so too. Also the open gaps down to 46 or so?
excuse my ingnorance but how how do you apply max pain to an individual stock