Thursday, August 25, 2011

The Miners Trading System

Both systems are still long DUST, yesterday I warned that DUST was likely to pullback, but the longer term picture still looked bullish.

 This is the 50 bar 60 min moving average, where I thought DUST was likely to pullback to. I still think it could pullback some more.

 There's a hint of a 1 min positive divergence, I think DUST will have to pullback again for a second positive divergence to develop before it's a buy for anyone who sold yesterday at higher prices.

When the 5 min chart shows a positive divergence, DUST will likely be  a good buy/add to.

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