richard, I have been doing a lot better trading stocks with strong fundamentals..Basically, frank(stocktalk) finds some fundamental gems(example:XICO,PCTL,NTPL,etc) and I do my TA on them for entry and exit points, and it has been quite profitable..It seems that these fundamentally strong stocks abide better by the TA rules than others...
I played a few gold stocks on Friday, but exited them all by the end of the day...I don't want to get my hopes up yet, but I have been waiting to trade gold stocks in a gold bull market for over 10 years now..Maybe the day has come..
I have pullback points ready on NEM,PDG,BMG,AEM, and a few others...Hoping that gold will follow its normal pattern and consolidate its gains Monday so I can re-enter...
I think the target I gave you on ONSS was 3.62...I now feel that ONSS will consolidate its gains, and pullback to the 2.75-2.87 area, before its next move...ADX reading is at 53 and the RS is showing a double top...Recommendation at this time, stand aside...Good luck...
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