Quote Originally Posted by Billy View Post
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
Hi Billy,

How does a GDX MF climb from a bottom of -1.0% to -0.6% at the close yesterday bode with a gap down below QS2 at the open today? Would you say it ain't over till the fat lady starts to sing (at -1.45%)?

Trader D