Friday, August 31, 2012

GDX/GLD/DUST

We are not quite at the target levels in GDX/DUST but pretty close.

As we move closer to the target levels there's a change in character.
 GLD looks to be turning in this area, it would be interesting to have a bearish daily candle with volume up.

 Not at the GDX target level, but interestingly close.

 Changes in GDX character.

 Not at the DUST target level, but close to another support area not far above the target area.

Changes in character in DUST near that level.

This is why I prefer phasing in to trades in situations like this.

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