Tuesday, August 23, 2011

23 Aug 2011

 Positive divergence from previous bottom.
 Hold short medium term decreased today.
Hold short short term decreased today.

Sorry I was overly excited about GDX last night.  It should probably test the resistance line that it broke if it is truly going to have enough momentum to break out of this range.   This will occur around 60.  This also makes it look like the cup with handle pattern.  If the facts change, I will change my opinion.

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