We are at the start of a possible FLUSH Heads Up!
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p68525248699&a=385190219&listNum=1
13.00 is critical…GDX HAS A MACD BEAR CROSS
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p68525248699&a=385190219&listNum=1
13.00 is critical…GDX HAS A MACD BEAR CROSS
Yup, surprised nobody’s posted a silver chart, it’s already breached new lows (whilst Gold hasn’t). So, the miners are trading in unison with silver… looking for a close under 13.00 GDX, look out below!
Well I just bought the retest to $13.00….added JNUG at $6.62. Close below support and I’m stopping out for sure. I just always buy support and sell resistance….
Good luck Mark…Where’s the “do not get cute” with counter trend trades Mark?
Ouch, silver < $14.00 (COMEX)…silver i've noticed move before gold recently, so heads up as mentioned above.
I think buying support and selling resistance makes the most sense. Add to that chart patterns and indicators and you will be right more times than not. … and if the market goes against you, you can usually keep losses small.
I had forgotten about this hs chart for gdx.
fib goes to the po and we got the reversal riaght at fib so maybe the po is valid?
http://schrts.co/2I1x9n
Very good posting, Sir EagleSeagle.
Eagle, certainly looks like Plunger’s Plunge is just a diving-board quiver away.
Yes, any moment…
Remember “third time is a charm rule”…$13.00 support has been hit twice…We could possibly get Mark’s counter trend trade. I counter trend trade all the time; but not now–too risky…
Eagle….I appreciate you trying to keep me honest here, and yes, I do try to police myself from getting too cute….but this entry was just way too compelling:
http://schrts.co/KQVElq
http://charts.dacharts.net/2015-08-26/d1726.png
gdxj.. curious what happens when we get to the green line
http://stockcharts.com/h-sc/ui?s=DUST&p=60&yr=0&mn=1&dy=15&id=p20910604389&listNum=1&a=388664339
Keep an eye on the gap in pink…
thanks for update eagle.. almost seems like a bear flag developing on gdxj on the minute charts