Sept 3rd: GDX has had a huge rally and breakout from the symmetrical triangle on the 60 min and daily charts.
In the short term this move has been very impulsive and is a wave 3, this is also supported by the lack of NO negative divergence via the MACD. A pullback should occur soon, but it will be a buying opportunity to load up long again becasue GDX should have another move up again i.e. wave 5. The daily triangle measures to about 48
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Thursday, September 3, 2009
GDX gold stocks comments - see chart
Posted by
Matt
at
1:23 PM
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