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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (207934)	12/19/2011 2:43:42 PM
From: stuffbug	Read Replies (2) of 312808

CD, It's tax loss selling season. What you see as "real breaking down" is bottoming to me. GDX has gone sideways the last few days. Same thing with GLDX and GDXJ. GLDX is the most oversold and GDX is the least oversold. There may be one more little flush but I definitely like the odds of buying something here. Buy a little and if it goes lower, buy a little more. To me, a little is 1% or less of my total portfolio. Looking at GDX on an intaday chart, my oversold readings are in the same vicinity as on the following dates November 21 - 23 October 20 October 4 September 22 - 26 September 4 - 5 August 28 - 29

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