Sir Noman
Sir Noman,
Please share any valuable updates, in light of today’s smash down.
And in light of what Jeff Kern wrote on 9/13/21
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In addition to index signals, lows can be marked using USERX run patterns. The current run pattern is 1 (day) Up and 4 (days) Down. A run pattern low requires a strong and long run down. The ongoing run down has only averaged 1.35% down per day, so far. Let’s see how the run down ends via one daily rise.
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If I look at GDX, I see a weird patter of “no more than two consecutive higher daily closing prices”. It rose on 9/14 and 9/15 but we can see what happened today.
I’m still scalping small profits where I can, short term or long term.
Thanks,
GL