Edited by Russ, 04 June 2014 - 01:43 PM.
Junior Gold Stocks
Started by
Russ
, Jun 04 2014 01:36 PM
3 replies to this topic
#1
Russ
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Posted 04 June 2014 - 01:36 PM
Note the divergences on the indicators of GDXJ and the inverse head and shoulders pattern, gold could still go down a bit more into late june though. chart courtesy of stockcharts.com
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
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"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
fib_1618
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Posted 04 June 2014 - 02:46 PM
Not according to Canada's TSX Venture advance/decline line.
BTW...the volume figures suggest that the pattern will break to the downside...you want to see decreasing volume into the apex of a falling wedge formation.
In the fulness of time.
Fib
BTW...the volume figures suggest that the pattern will break to the downside...you want to see decreasing volume into the apex of a falling wedge formation.
In the fulness of time.
Fib
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#3
Russ
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Posted 04 June 2014 - 03:17 PM
Look back at July 2012, you can see a similar pattern as now, lower A/D line but stocks diverging with diverging volume oscillators, I agree they could go lower but I think its getting very close to a reversal...
http://stockcharts.com/c-sc/sc?s=$CDAD&p=D&yr=3&mn=0&dy=0&i=p63893113431&r=1401912875648.png
http://stockcharts.com/c-sc/sc?s=$CDAD&p=D&yr=3&mn=0&dy=0&i=p63893113431&r=1401912875648.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
gannman
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Posted 04 June 2014 - 03:46 PM
i still see one more leg down in the hui for a final low .
feeling mellow with the yellow metal
