GOLD 0.51% $1,391.7 gold futures

investors bet miners will follow gold's gains, page-2

  1. 982 Posts.
    lightbulb Created with Sketch. 25
    Agree to that.

    I track a home-made indicator to try to time long entries. It's a sentiment count using 480 ASX-listed PM stocks listed on the ASX. It counts the daily number of 20-day New Highs and New Lows. The difference is then averaged over 5 days to give it a proxy-weekly gravity. That 5-day MA is the red trace on the chart below. Only stocks under $10 are counted.

    Point A in the chart was March 16.
    B came 34 trading days later on May 6.
    C was 32 days later on June 22.
    D was 34 days later on August 9.
    So, it begs the question. When does E arrive?

    32 days gives E on Sept 22. 34 days is Monday Sept 26.

    Don't sell your tired longs this week.

 
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