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Recall my post from two days ago, suggesting you "watch GDX closely" – – my view was that it was going to rally sharply (it did – yesterday) – and then plunge (it is lower now, but too early to declare "plungeness"). Here's the original projection:
And here's a close-up of what's happened recently:
I went long GDX on the 28th and covered for a nice profit on the 29th. And I went short late yesterday and am showing a profit now. So far, so good!
Hello Slopers! Brian Johnson here of www.thestockmentor.com with a video on the markets. This video builds a case for both sides and shows the precipice the markets currently hang on. The point of this exercise is to take a step back and examine the bigger picture by examining the three major Indices. With the bearish 'slow bleed' we saw for a couple of days that took the markets convincingly downward is there something we're overlooking from the bull side?
