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.
- Forums
- ASX - By Stock
- GOLD
- investors bet miners will follow gold's gains
investors bet miners will follow gold's gains, page-2
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online