GDX

Very strong selling on the gold miners today: we had the equivalent of about a two days selling strength in half a day.
We are still far from oversold and hence, better not buy into this selling wave.



Pascal

[ATTACH=CONFIG]14076[/ATTACH]

[QUOTE=Pascal;22090]Very strong selling on the gold miners today: we had the equivalent of about a two days selling strength in half a day.
We are still far from oversold and hence, better not buy into this selling wave.

Pascal
[/QUOTE]

Hi Pascal,

GDX had two consecutive gap down days but you wouldn't know that looking at the MF/RT, or is there something else you see in the MF that indicates the price action pointed downward? Has the big money been fooled into accumulation? Is it possible that the MF isn't showing the true moves in this environment?

Trader D

[QUOTE=TraderD;22091]Hi Pascal,

GDX had two consecutive gap down days but you wouldn't know that looking at the MF/RT, or is there something else you see in the MF that indicates the price action pointed downward? Has the big money been fooled into accumulation? Is it possible that the MF isn't showing the true moves in this environment?

Trader D[/QUOTE]

If you look closely, large players had been selling yesterday all day long, even while the price was in a trading range.
So, I believe that they anticipated something.


Pascal