Wednesday, August 24, 2011

Miners Trading System Update-Long Dust

A Long Dust signal was executed yesterday morning on the open.

 Here's the long signal, up about 9.6% in 2 days.

 Here's the long term 3C accumulation signal, it looks like DUST has more upside, but I think it will be rocky.

 The 15 min 3C chart

 The 5 min is starting to signal a pullback.

 The 1 min is signaling a pullback now. Remember the bounce I thought we'd see in GLD, it will probably have the inverse effect on DUST.

We are at some resistance, I would think we'll pullback at least to the 50-bar ma on a 60 min chart. You may want to take profits here and re-establish a position on a pullback. The longer term charts seem to indicate that the DUST uptrend ill last for a while, but as I said, will be a bumpy ride.

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