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IWM remains stucked in the consolidation range and there is still no advised position.
GDX is nearing an overbought level (0.6 day away) preventing any buying and volatility remains too low for planning any short trade by now.
Billy
[ATTACH=CONFIG]13097[/ATTACH][ATTACH=CONFIG]13098[/ATTACH]
I have been keeping track of the daily 20 DMF since 6/2011. Attached is a gif with a trendline drawn from the 20 DMF low on 8/8/11 at -3.646%. It looks as if we will get a TL break a hair above 0.5% EOD. Currently we are at 0.53% RT.
Best regards,
Robert
Sorry that is the wrong attachment.
Try again.
Robert
With RT 20 DMF at 0.48% we currently are significantly below the trendline from 8/8. We'll see where we close, but I think this is significant even though it is not how the robot is programmed.
Robert
[QUOTE=brrim;20829]With RT 20 DMF at 0.48% we currently are significantly below the trendline from 8/8. We'll see where we close, but I think this is significant even though it is not how the robot is programmed.
Robert[/QUOTE]
Thank you Robert,
This is very interesting from a long term perspective.
Please keep