Get Ready
I think the next leg up is here. My analysis has led me to expect (cautiously) a big move around about now. I need to see the weekly close above $1605. Could it be a bull trap ? I’d say it’s a very low probability, but as per my post yesterday – keep an eye on downside support levels. I’m seeing more and more of the miners following silvers lead, and gold is almost there. Take a look at these charts of GDX and tell me they don’t look bullish from every angle…
Oh I am ready NS, believe you me. Thanks!
Yes, thank you NS. It’s actually your charts that gave me the confidence to fade Rambus last week, almost always a losing proposition. After what seemed like the longest weekend in history I got the nice ride up today.