GDX Daily NEG DIVS are holding strong
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p68525248699&a=385190219&listNum=1
Do not underestimate the power of the divergences…
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p68525248699&a=385190219&listNum=1
Do not underestimate the power of the divergences…
EAGLE, looks like the recent move above the 50 MA could have been a fake out. I am waiting for that neckline to break, for the PMs to go down ala Plunger and 2000. Then sweeping in to ride the bull again!!! 🙂 Could happen.
Sounds like a great plan North…fakeout indeed so far–I will be glad too to start riding this thing back up. Dealing with NUGT/DUST is eating what’s left of my brain.
I just found one stock, Eagle, (there could be more.) that broke down from its neckline. Check out NGD.to. I agree with you, very hard to trade this market as it is right now. No clear direction to it. Easy to get whipsawed.