Saturday, April 24, 2010

Junior Gold Stocks

Observations:
(1) Price is poking its head above critical resistance, but volume remains a bit light. We need a clean and decisive SOS (sign of strength).
(2) Breaks of critical zones are usually accomplished in threes. This still looks like a second attempt.

This is action can only be described as presistent. While there's no technical pattern, cycle, or relation to dissipation of energy that describes presistence, it is something not to be ignored.

Junior Gold Stocks ETF (GDXJ)

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