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2 Attachment(s)
GDX RT
GDX started moving higher, pushed by the jump in gold today.
We can see that large players have either been buying or refusing to sell the price pull-backs.
The standard TA shows that we need to clear the $43 mark on volume in order to confirm the break.
Pascal
[ATTACH=CONFIG]17180[/ATTACH][ATTACH=CONFIG]17181[/ATTACH]
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[QUOTE=Pascal;24802]GDX started moving higher, pushed by the jump in gold today.
We can see that large players have either been buying or refusing to sell the price pull-backs.
The standard TA shows that we need to clear the $43 mark on volume in order to confirm the break.
Pascal
[ATTACH=CONFIG]17180[/ATTACH][ATTACH=CONFIG]17181[/ATTACH][/QUOTE]
Pascal,
Quite a few of us here have tried TA in the past and found it of very dubious usefulness.
Have you successfully used standard TA in your investing over the years ?
Trev
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[QUOTE=manucastle;24803]Pascal,
Quite a few of us here have tried TA in the past and found it of very dubious usefulness.
Have you successfully used standard TA in your investing over the years ?
Trev[/QUOTE]
I look at both standard TA and special indicators.
Standard TA is interesting to get the long-term view such as the 50/200MA as well as areas of consolidation, support/resistance.
Pascal