daytrader diaries... thursday, page-70

  1. 3,360 Posts.
    Geez I wish i could post charts! Anyway, further to my post yesterday afternoon, the goldies are indeed having their offers hit today.

    MUN has broken out of triangle pattern yesterday and has moved slightly higher today.

    SBM touched the bottom of its triangle pattern yesterday arvo and left a nice hammer and is again moving higher today.

    NCM after going green late yesterday has continued to move northwards, and LGL is up 5% from yesterday's close.

    Gold is 2% higher from touching the bottom of an unptrend channel at $890.

    Also as pointed out by Kevi a few times over the last fortnight, AND is consolidating in another triangle pattern and needs just 1 strong day to break higher.

    On the basis of all this I can only assume that the correction in gold and the miners is nearing its conclusion (or has already done so) and it may well be time to pick a little fruit off the tree.

 
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