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.

J 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

J 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