Originally Posted by
Billy
Here Comes The Bounce? - May 9, 2012
GDX keeps acting like a falling knife but the GDX robot’s LT/ST settings remain neutral and are advising to stay in cash.
Quarterly S2 (41.95) is a serious candidate for offering the launching pad nessecary for a much awaited snapback rebound. The last consolidation was broken at Quarterly S1 (45.75) and Quarterly S2 is a logical temporary target for this selling wave.
Today’s porosity for the RT model is 0.092%.
Billy