ClarkW wrote:Sold some DUST 1.5 hours ago because going into meeting and didn't want GDX to ramp up, now I see she's at -3.56%, holy smokes. Regret for selling out but one would have to think a bounce is near, right?
GDX decent support at 50
Inverted dollar says no bounce quite yet.... but GDX selling volume is drying up a bit ....
Last edited by Al_Dente on Fri Nov 02, 2012 12:39 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Curious how others would view this chart. EXPE Daily: Is it a bullish breakout OR about to kiss the channel is broke down out of before heading lower? Looks like it could go either way to me
ClarkW wrote:Sold some DUST 1.5 hours ago because going into meeting and didn't want GDX to ramp up, now I see she's at -3.56%, holy smokes. Regret for selling out but one would have to think a bounce is near, right?
GDX decent support at 50
Inverted dollar says no bounce quite yet.... but GDX selling volume is drying up a bit ....
112gdx30.png
Thanks for sharing Al! Don't know if I told you but big fan of your swing chart on GDX using moving average on $BPGDM. Great stuff
Guys, I'm off. I don't believe there will be a good move today, and most of all I'm tired. We saw the new 007 movie last night and we went to bed real late
uempel wrote:Guys, I'm off. I don't believe there will be a good move today, and most of all I'm tired. We saw the new 007 movie last night and we went to bed real late
I would say the traders are waiting to pull the plug after election.
Doesn't matter who wins. My EOY target for SPX is 1350.
KENA wrote:The Institutional Holding Index is shaping up like last April-May area where the mkt could be on verg of a sharp dn turn after this next up move fails.We will just have to wait and see.
Al, love how retro you are. Forgot all about this place since my family and I left San Francisco for the pasty white heat of So Cal.
No offense to any longs, but I don't need a $230 laundry hamper: http://www.restorationhardware.com/cata ... cat1624014[/quote]
xian
I sooooooo need that hamper
thanks for mel......luv it
Last edited by Al_Dente on Fri Nov 02, 2012 12:49 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ClarkW wrote:Sold some DUST 1.5 hours ago because going into meeting and didn't want GDX to ramp up, now I see she's at -3.56%, holy smokes. Regret for selling out but one would have to think a bounce is near, right?
GDX decent support at 50
Inverted dollar says no bounce quite yet.... but GDX selling volume is drying up a bit ....
The attachment 112gdx30.png is no longer available
Thanks for sharing Al! Don't know if I told you but big fan of your swing chart on GDX using moving average on $BPGDM. Great stuff
Thx clark luv u too
Here’s miners renko 5min, still on sell, this might/will be the first one to scream when she bounces
Last edited by Al_Dente on Fri Nov 02, 2012 12:57 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
uempel wrote:Guys, I'm off. I don't believe there will be a good move today, and most of all I'm tired. We saw the new 007 movie last night and we went to bed real late
ClarkW wrote:Sold some DUST 1.5 hours ago because going into meeting and didn't want GDX to ramp up, now I see she's at -3.56%, holy smokes. Regret for selling out but one would have to think a bounce is near, right?
When I said earlier I was glad I didn't go long GDX I almost said it looked like it wanted to retrace back to 50 but thought there was no way it could do that today. However I see the low so far is 50.14. Wow big move!
failed here would be bad, because it's the 2nd test of the rebound high.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.