25 replies to this topic

[johngeorge]

stubaby I am now looking hard at an entry point to add to my RJA. Thanks for your charts and analysis. Best to you.

[dougie]

ugly action to be sure: a buying opp? perhaps...

[stubaby]

stubaby

I am now looking hard at an entry point to add to my RJA. Thanks for your charts and analysis.

Best to you.

johngeorge:

Sure looks like a bullish declining wedge on GDX - wait for the turn if you must, but looks imminent to me!

http://stockcharts.com/c-sc/sc?s=$GKX&p=D&b=5&g=0&i=p09655654558&a=217008228&r=161.png

stubaby

[johngeorge]

stubaby Looked good to me this am so I added to my RJA position. Thanks, as always, for your charts, comments, and analysis. Best to you.

[dougie]

possibly very ugly failure shaping up here in line with commodity take down

[stubaby]

possibly very ugly failure shaping up here
in line with commodity take down

dougie:

460 is "line-in-the-sand for GKX

stubaby

[dougie]

so Stu: you gone from that trade?

[stubaby]

so Stu: you gone from that trade?

dougie:

Short answer NO.

RJA was add to long-term core position with stop at $8.50. DBA was small starter position only.

http://stockcharts.com/c-sc/sc?s=$GKX&p=D&yr=2&mn=0&dy=0&i=p31539035473&a=209399600&r=877.png

http://stockcharts.com/c-sc/sc?s=$GKX&p=D&yr=1&mn=11&dy=0&i=p46012192817&a=190045141&r=654.png

Under either count above a "bounce" of some magnitude is called for (doesn't mean it will happen). Would look to sell or hedge with AGA after bounce. Next stop 409!


stubaby

[johngeorge]

stubaby, Looks like I could have waited longer to add to my RJA, but...........that's how it goes in this business. However, still holding as the fundamentals still look very attractive! Best to you.

Edited by johngeorge, 22 September 2011 - 12:46 PM.

[stubaby]

Added starter position in MOO today:

http://stockcharts.c...18780&r=944.png

http://stockcharts.c...7960&r=1046.png

http://stockcharts.c...4084&r=6419.png

stubaby