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The Waiting Game Goes On – May 3, 2012
Both the IWM and GDX robots do advise to stay in cash and expect flat returns for the next 3 days. After being stopped out from my discretionary NUGT position yesterday, I will take most of the day off today. These are not times to force new trades.
The porosity for the RT GDX model is 0.101% today. A short signal will trigger if the PM MF hits the -0.101 % level.
Billy
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