GDX Robot Reverses To A Long Position - March 26, 2012

[Pascal]

Yes Dave, you are right. FYI, both Pascal and I are still long and trading the EOD signals. If this is a major bottom in formation as everything is suggesting, it's better to be flexible and give less weight to intraday zigs and zags.
Billy

I am indeed still long because I am looking at the RT system in the context of a back-tested EOD system.
The RT system can have many "jumps" as we all have noted and lead to whipsaws.

What is clear to me is that there is another protection level below the average. This will be triggered for the EOD.
As of now (Today,) even if gold is attractive, we cannot witness money moving back into gold miners. That could be an issue, but I know that the trade is protected by a short/Sell signal just below the average. So I'll keep the position for now.

Also, note that unless otherwise stated, the messages are related to the EOD position. The reason for this is that the GDX Robot relies on the GDX MF for its signal and hence the system tunes to the EOD situation. For us to see the RT signal, we'd have to force feed it with the RT position.


Pascal