posted on
Dec 08, 2009 12:32PM
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Message: Re: GDXJ
Guessing here, but I think it makes a temporary bottom sometime today, bounces for a couple of days, then drifts lower again.
For a bounce, it looks promising, but has to hold 26 for another hour or 2 to trigger a buy signal. Since it's been down 4 days straight, it should be due for a bounce soon. I'm looking at the hourly for an entry point. It has to break the 4 day downtrend or get a MACD buy (preferably both) before I pull the trigger. A lot of times a stock gets close, and then fails. So I'm waiting patiently. Don't know if my doggie will let me, though - getting close to walking time. That's usually when things happen. Might put in a stop buy if I have to go before it gives a signal.
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