GDXJ

SILJ

For those who don’t speak Chartology these are classic bullish charts at the moment

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Comment from Rambus Tonite

“Before we look at today’s charts I would like to go over a few things we’ve discussed several times since the rally began at the March 2022 low.

I can’t stress enough on how important it is to know what type of trader you are from the short, intermediate and long term perspective. Each timeframe will have its own unique ways to trade. If you don’t want to end up in a loony bin somewhere you need to understand what type of trader you are and get it figured out or you will find yourself curled up in the fetal position sucking your thumb and calling for your mama every time the market doesn’t do what you think it should.

It is critically important to understand this is not a child’s game we choose to play. We are going up against all the greatest traders in the world that want every penny you have and could care less if it is the last penny to your name.

If one is an intermediate or long term trader you shouldn’t be freaking out every time your stock has a bad day. It doesn’t mean the end of the world. Even in the strongest of trends there are many days when a stock will go down. Short term trades could care less about the intermediate term trend because their focus is on scalping a few points here and there.

I’ve explained to you many times that I’m an intermediate term trader looking for the impulse move between two consolidation patterns using the 30 week ema for my sell/stop in most cases. What happens on a day to day basis isn’t important until the 30 week ema starts to come into focus.”