Originally Posted by
TraderD
Billy,
What I find interesting is that the peaks (or if you like, long position bailout points) in GDX MF the last 3-4 weeks occurred around +0.60% (twice) which is quite off an overbought level. This signifies to me a longer timeframe downtrend in GDX which isn't captured by a 20-day summation window for MF. It may be useful to generate a set of longer-period MF curves alongside the standard 20-day window IMHO.
Trader D