Late Selling Yesterday Hiding Bullish Structure? June 23, 2011

[Billy]

The market gapped lower today. The prices for both GDX and IWM are now lower than the entry prices indicated by the robots. Should I buy the dip or has the dynamic changed?
Steve

Steve, see Pascal's reply to a similar question:

http://www.effectivevolume.com/showt...ts-for-June-22

Billy

[barbados11]

Billy,

I just wanted to say that, as I mentioned in a previous post, I only recently began reading your posts and Pascal's again with great interest. I had not for months. I want to repeat that I find this work excellent, educational and very interesting. I particularly like how you continue to explain the positions within the changing surroundings and how details are developing regardless of how the trade is going. Today's comments are a great example. I plan on using this to trade soon but have not yet as I did not have a comfort level with the robots. I am now getting it.

Best regards to you both,

Pablo