Thursday, May 22, 2008

Gold Miners TA update (GDX)

Update of the Gold Miners ETF (GDX) today highlights the recent breakout from the spring lows. J

4 comments:

Jesse said...

Hi,

Is there some way to enlarge the GDX chart, my old eyes can't read the fine print. Thanks.

Jeff said...

jesse,

my mistake, corrected the image
and it should enlage now for you!

thx

J

Jesse said...

Nice chart. It will be interesting to see if GDX can hold the trendline you have drawn at ~47 or if it wants to fill the gap down to 46 and change. Is there a price level that if broken to the downside you would consider the breakout to have failed? TIA

Jeff said...

jesse,

id look more towards any downside movement on strong volume and a close below the 200 MA to portend a failed breakout

J