Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: littlebitmoore2 who wrote (32507)	11/28/2011 8:49:32 PM
From: gold$10k	of 48092

Thanks for noticing. <g> Da Boyz have been running ups and downs to extremes of short/medium term overbought/oversold. Rather than choosing number targets, I would rather look for overbought conditions on the hourly chart... RSI clearly above 70, maybe on 2 or 3 separate days... MACD strongly positive and rolling over... or maybe it just looks overbought. One other pattern... it's been one month good / one month bad... October was up, then November was down, so this rally may stretch into a Santa Claus hallelujah before the markets head lower in earnest.

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