10-25-11 Comments [Archive] - Effective Volume

Mike

10-25-2011, 09:02 AM

Buy Switch is ON
Market Exposure Limit is 100% invested
Distribution Count is 3
I own SBH, DLTR, SWI, CMG, ISRG
Watch list is: ALXN, ATHN, AZO, NTES, NUAN, NUS, PII, RHT, TPX, UA

Gold seems to have held the MIDAS support level anchored on January 28th lows. Chart is attached. The bounce was on lowish volume. I suspect that further quantitative easing in Europe and perhaps in the US is causing gold to be supported.

11085

nickola.pazderic

10-25-2011, 09:27 AM

Mike--

I appreciate very much that you have shared the new IBD MDM with us.

Best,

ericoleman

10-25-2011, 09:51 AM

Yes, I agree with Nickola. Everything you share here Mike is awesome. I am grateful for your posts. Thanks, again.

asomani

10-25-2011, 11:50 AM

Thank you, Mike.

Gold sentiment also hit multi-year lows last week:
http://www.ibtimes.com/articles/236687/20111024/gold-sentiment-hits-multi-year-low-time-to-buy.htm