Loading ...GDX one minute Look at the last 40 minutes of action and you see the shakeout artists picking up cheap shares from the frightened.
You will see in the last 40 minutes, price improving. Also notice the OBV takes a beating but the accumulation pattern goes in the OPPOSITE direction as shares are being bought. Also notice that the MADC histogram does not go below zero and the CMF money flow stays in the green. I might eat crow but this looks like a shakeout before the breakout.
