Man ABX looks like Niagara Falls, well this slope can't last forever and will eventually get some kind of snap-back rally/bounce like a rubber band that is stretched too far, but for now jeez...
The 60 min chart doesn't have any divergence, however I can draw a nice downtrend line on the ABX/GLD ratio. As you can see trendline breaks of the ratio on both the daily and 60 min chart work quite well for catching nice moves.
No comments:
Post a Comment