I am long GDX with a stop at 57.8.
Wednesday, March 23, 2011
Gold and Gold Miners
I think gold will breakout soon. No guts for gold play, but I can try miners. Both GDX and GDXJ look good.
I am long GDX with a stop at 57.8.
I am long GDX with a stop at 57.8.
Tuesday, March 1, 2011
Direction? or DIrectional Guess
Well, I got lost in direction a little bit. What really bothered me is the pull back. Today we stopped at 1320. Thatit? Damn stubborn bulls. I made couple perfectly beautiful designs for the bulls, but they dip to just 1320.
The Cobra guy talked about the “n vs n” rule:
Cobra's n vs n Rule
Where will the market go? Will it be that easy that bulls cannot take the 3 day loss? I don't think so.
The reversal at 1292 was hilarious. I have to say I need to show some respect.
I believe tomorrow we will see at least a gap fill. As usual, bulls will run a little bit further. We could see a new high this week. AND this will mark my new TOP.
The Cobra guy talked about the “n vs n” rule:
Cobra's n vs n Rule
Where will the market go? Will it be that easy that bulls cannot take the 3 day loss? I don't think so.
The reversal at 1292 was hilarious. I have to say I need to show some respect.
I believe tomorrow we will see at least a gap fill. As usual, bulls will run a little bit further. We could see a new high this week. AND this will mark my new TOP.
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