blumberg
27 posts
msg #117854
- Ignore blumberg |
1/22/2014 7:12:06 PM
I think GDX has put in a bottom on December of last year. The weekly shows a MACD cross on extreme divergence so I think it has bottomed. Getting in now might be too late though. I wouldn't be surprised if it retraced back 50% of its gains since December before ultimately continuing higher.
|
Eman93
4,750 posts
msg #117856
- Ignore Eman93 |
1/22/2014 8:28:51 PM
I think it is early to call a bottom/reversal in the metals.. the USD must fall to the other major currencies. I don't know if that will happen for a real change in direction, other countries are really printing more than us..
Anyway dollar was up and at a nice resistance level. and a big gap down on NUGT after a nice 2 day rally.was a good risk reward set up.
Dont take my word for it.
http://www.dailyfx.com/forex/technical/home/analysis/us_dollar_index/2014/01/22/dailyclassics_us_dollar_index.html
|
Eman93
4,750 posts
msg #117857
- Ignore Eman93 |
1/22/2014 8:52:32 PM
Other GLD charts I watch...
http://stockcharts.com/public/1107832/chartbook/251024084;
weekly
http://stockcharts.com/public/1107832/chartbook/275044435
http://stockcharts.com/public/1424685/chartbook/239135770
HnS bottom forming right sholder at 1220..
http://stockcharts.com/public/1992897/chartbook/332731234
http://stockcharts.com/public/1992897/chartbook/293616971
http://stockcharts.com/public/1094617/chartbook/218701161;
|
Eman93
4,750 posts
msg #117875
- Ignore Eman93 |
1/23/2014 11:34:56 PM
PPO saw this on twitter. not a bad set up.. if it bo then should get to 40 quick.
|
johnpaulca
12,036 posts
msg #117879
- Ignore johnpaulca |
1/24/2014 10:44:57 AM
anyone buying the dip??? trend is still intact.
|
Eman93
4,750 posts
msg #117880
- Ignore Eman93
modified |
1/24/2014 10:47:31 AM
|
Eman93
4,750 posts
msg #117881
- Ignore Eman93 |
1/24/2014 10:56:02 AM
SPX im a buyer around 1775.. short the bounce IMHO
|
johnpaulca
12,036 posts
msg #117882
- Ignore johnpaulca
modified |
1/24/2014 2:16:54 PM
Short the rips in a downtrend buy the dips in an uptrend.
|
johnpaulca
12,036 posts
msg #117883
- Ignore johnpaulca |
1/24/2014 3:33:39 PM
DJI...pushing hard to get to ema100, high probability you will get an oversold bounce here, but this means you have to take on risk over the weekend...it could also gap down on Monday before bouncing....isn't trading fun.
|
johnpaulca
12,036 posts
msg #117884
- Ignore johnpaulca |
1/24/2014 3:36:36 PM
Today bought some FSLR $48.26...will hold over the weekend and take on the risk.
|