GDX MF

[Pascal]

Easy answer. I'm long.

I will turn long if the MF issues a long signal.

Whenever I believe that the short-term MF is what matters, I load the 10 days chart to see what a longer term chart looks like.

It is less evident on a 10 days chart that the buying of today will reverse the downtrend.

On a longer time frame, both the MF and Price are forming lower lows and lower highs


Pascal

[DJones]

I will turn long if the MF issues a long signal.
Whenever I believe that the short-term MF is what matters, I load the 10 days chart to see what a longer term chart looks like.
It is less evident on a 10 days chart that the buying of today will reverse the downtrend.
On a longer time frame, both the MF and Price are forming lower lows and lower highs
Pascal
Attachment 16572

Yes, that looks persuasive. But it all depends on the timeframe we choose. See attached. Over this time period the GDX dropped slightly from $45.74 to $45.53. Here's what the MF looks like.