tues

331
GLD GDX swings: i dont know if they are going higher or lower in next few hours, but imo if they go lower, it will bounce back near here, and i'd be a buyer lower to add to existing postion. if it goes higher, then we have some shares in the position now in order to participate in case it just goes higher and  does not go lower

323
it would be "better" if 4pm sys does NOT give an exit today, and if SPY closes right on support 187.00ish it could be bearish and gap down in the morning.

if its a big red daily candle, and that candle closes near a support level, its easy to break support and continue lower via a gap down. closing on support on a big red candle is potentially very bearish, swing perspective

259
NICE moves in SCO also, last 2 days

253
notice the small pop in NUGT, after the GLD "foreshadowed" warned of it 30 min earlier
next: we need to see if it sustains, or if its false, on both gld and gdx
MM sell level is 26.16 on gdx...inv bank is at 27.01 sell

235
Analysis could be "wrong" for sure, but IN GENERAL, retail shorts (or sells) "too early"...the daily GLD is tempting to "short" near resist here, but imo its too early and gld wil go higher, test the resist, and maybe even break it another 2-3% higher, or 8% on gdx

so trading GLD UGL SLV USLV GDX NUGT

224
god breaking higher here now as expected, watching to see if it follows thru....and watching if gdx nugt follow higher after god physical

218
15min gold chart: poss break higher, over 15m resist

217
just bought half size position at 26.01 gdx, may add more later

215
if the GOLD chart gc gld remains like this on 15 and 60min charts, i'm going to buy back the NUGT that i sold this morn near highs, for cheaper. swing.

1029
took gains on NUGT bought yest. still holding multiweek GDX swing, diff trades. will re-eval buying nugt again later. unknown if its going higher or lower in next few hours, so on sidelines on the quicktrade from test

4pm swing system remains on "hold shorts SPX"

* 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".