Goldtent TA Paradise

GDX 2 HOUR…

1. Randy says:

   February 18, 2016 - 5:04 pm at 5:04 pm

   could be setting up for this, gap up over the resistance line and if this is any indication a retreat, it should be quick, as the former touches on the trend lines between the alternating points happened rather swiftly. A 5% move would take us over that upper trend line, it could be wishful thinking for a set up like that.

   I play options every once in a while and if this sets up as denoted (probably not) it would be very low risk-high reward, I would guess 8-10/1

   http://invst.ly/143kl

2. Spock says:

   February 19, 2016 - 1:38 am at 1:38 am

   sellers are asking higher premiums now to ext their long positions, based on the 120 miners I am tracking. also, on many individual stocks, they are breaking out to new intermediate term highs above good support. many running corrections (corrections with price moving higher).

   on that basis, its more likely GDX breaks higher, even though many of its component stocks are zombies.