Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Saturday, March 5, 2011
GDX Gold Miners Weekly Chart
Surprised to see that gold price moved up to make a higher high but GDX has not. Price flirts with making a right shoulder for an H&S that targets 43 considering a 63 head and 53 neck. GDX came back up to back kiss the lower trend line, it appears to be rolling over now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.