here's a 60 min GDX chart, it's finally starting to form some
positive divergence on the 60 min chart, watch the ratio and intra
day charts, I assume GDX will bounce when the market bounces.
Looking at the 60min charts of GDX and SPX you'll see they look
similar with the SPX a little further along forming a box. If
SPX goes, I would assume GDX will follow.
GDX 60 min chart
Posted by matt on 26th of Jan 2010 at 10:48 am
here's a 60 min GDX chart, it's finally starting to form some positive divergence on the 60 min chart, watch the ratio and intra day charts, I assume GDX will bounce when the market bounces.
non-Stockchart membes
http://stockcharts.com/c-sc/sc?s=GDX&p=60&yr=0&mn=1&dy=23&i=p52542014532&a=179439424&r=783
GDX and S&P
Posted by oops1e on 26th of Jan 2010 at 11:59 am
Looking at the 60min charts of GDX and SPX you'll see they look similar with the SPX a little further along forming a box. If SPX goes, I would assume GDX will follow.
dxy
Posted by stmorten on 26th of Jan 2010 at 10:58 am
looks like dxy is in rising wedge and gold is trying to break 107.7
looks like ratio has given
Posted by madaneag on 26th of Jan 2010 at 11:44 am
looks like ratio has given buy signal..matt can you confirm
thanks
Ani