Quote Originally Posted by slgerritz View Post
Billy or Pascal,
The GDX robot gave a new signal to buy at $51.57. Is the robot telling us to wait for a drop to the $51.57 before buying? If so, the strong MF into the sector may not give us to opportunity to by at $51.57. If the train leaves the station should we chase the price or wait for robot entry price?
Steve
Really, we cannot advise explicitly on this point.
In the long run, buying at the open for GDX is also working fine as the back-test has shown.
On the other hand, the GDX ATR is 2.82% right now. The buy point is 0.77% below last Friday's close. This means that statistically, the buy point is well within the usual day volatility.


Pascal