239
it seems that GDX 60min insists on forming this bearish falling wedge, for lower prices before a surge higher, where the surge should take it to new highs over 31 for swings. last 28.05.
imo, represents a buying opp in gdx and nugt. nugt has already doubled from 50 to 100 recently, last
near $75, for targets over 100, 120
114
notice SPY bouncing now...first try almost always does, when its a DAILY supp level not weaker 60m or 15min supp, and also esp if the test comes 10:15am--2:30 pm lower volume times
113
SPY approaching 163.00 test now support, and it usually holds on the first try...may get a bounce soon, intraday.... SOY hit the posted "active trader" 165 trgt and pulled back.
1118
GDX NUGT may be waking up intraday here now, 7750 nugt last
PLAN: will take profits on "quick trade" nugt at 80 or 84, will post exit. and the separate multiweek hold on nugt has targets of 100 and 130.
1023
continuing to hold gdx. still looks good imo. swing. and still buyable at curr price for swing holds
4pm swing system update: system continues to say "hold long spx upro". it will NOT give an exit signal today, so will hold until tomorrow or later.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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