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发表于 2013-8-11 07:12 PM
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Sorry that i haven't update this post for a while. Recent week was very busy with ER and some personal stuff.
GLD, SLV and GDX had a mild pull back last few weeks. but volume is decreasing. PARTICULARLY, AS I ANTICIPATED, SLV, which is lagging GLD in the rebound, did not tumble further ahead of gld. That is a important clue that this is a pull back in a bull trend rather than a continue sell off. The later would commonly present as weaker one sells off faster.
Here is the time for midterm position trader to jump in, particularly SLV. a typical entry spot where volume, technical indicator all aligns. It has now made a higher low - a critical step in starting a bull cycle. I plan to add another 50% to SLV. This looks to me has enough strength to overtake 50ma and reach the lower edge of the gap at 24.
One word on trading NUGT, treat it as an option, I see many post on MIT that frogs chasing high and cry when it drop 20% for no reason. I always sell enough after a quick gain to make the cost of the rest near or below the recent low so i can hold comfortably. Don't play 3x FUND if you don't do option. price moves very fast and people can get dizzy if deep in water quickly. |
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