0 0 Alex - Chart Freak https://www.chartfreak.com/wp-content/uploads/sites/18/2019/11/Chart-Freak-site-logo.png Alex - Chart Freak2014-07-20 18:42:312014-12-02 00:17:33UPDATE: Are We Still On Track?
July 20 - Please read my last report and you'll see how I was viewing things for the Metals and Miners market. Then the next question is : "Well, that report was July 17 and things got a little "whippy" since then, are we still on track?" The short answer is, "Yes, so far it was a little whippy, but we are still on track." As a review, I was expecting Metals and Miners to begin a 2nd leg higher, similar to what we saw at the June 2013 lows ( 2 legs up) and Dec 2013 lows. Using the GDX and the December 2013 run up - I used this chart (Below) to help us visualize what the move could look like. Now I want to just do a quick update . Look again at my last report and I said that If the Miners gap down Friday, you may want to add a position in one of your favorite miners, because they may reverse & start upward. Well, Friday the miners DID gap down and stayed down almost all day, finally beginning to recover into the close with a reversal. That was (To me) important because... Read More