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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Real Man who wrote (111931)	4/7/2020 3:28:08 AM
From: Rarebird	Read Replies (1) of 116753

You may be right. But it is all about playing the swings. That is why I am a swing trader. There is the strong potential here to see 2900+, even 3200-3300 SPX before a return back to SPX 2600-2800. I can see playing it safe up to a point, but a close above SPX 2640 was a strong omen. There was a higher low. You can kiss the bear good bye for the time being with a close above 2725. This is the stock market. There are no guarantees. But the odds now favor a rally to SPX 3200-3300. It is never easy going long after the type of steep swift decline that took place. To make big money in the stock market one has to get out of one's comfort zone. As you know, I called for the retest of the December lows when SPX broke below 3100. And I said we would marginally break below those lows. I'm scared. It is always that way near bottoms.

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