All Models Long For GDX - April 2, 2012

Both the RT and EOD GDX models are long to start the second quarter.

The PM Money Flow didn’t close above the porosity of +0.091%, so the former protection level for the EOD GDX robot remains active at average MF – porosity or (-0.55% -0.091%) = -0.641% at the close. The average is rising again.
The RT model will turn short again at the upper protection of an intraday hit of the negative porosity or at -0.091. We’ll see if new whipsaws will characterize the conquest of the 0% line by the RT model. The Overbought level is waiting far above at +1.35% before triggering a sell from overbought signal.

A secondary long entry at a limit of 50.10 is advised today. ST and LT settings are indicating the strongest edge since the initial buy signal; in the past, their combination led to a 3D gain of 2.39% from the previous day's close with the trade being positive after three days in 65.1% of the cases.

GDX is trading back above a flat 5-day VWAP (49.49) giving a slight control advantage to last week’s average buyers. The updated floor levels are showing no serious resistance before Quarterly pivot (51.84) and there are only weak daily resistances up to Weekly R1 (50.98), just above the initial entry price.
Billy

[ATTACH=CONFIG]13682[/ATTACH]
[ATTACH=CONFIG]13683[/ATTACH]