| | | Hello Doug, thank you.
It's always good to hear from you, and anyone else for that matter that would like to add to the conversation on this board, I hope I'm not keeping anyone from sharing their thoughts.
I don't claim to be a pro at this by any means but I'm trying to keep my analysis simple. There are a lot of tools to use when analyzing an equity, but it could get very confusing when you add too many at one time, especially when tracking them on such sort term moves like I've been doing here, I found that pivot points are a good way to determine a direction and possible turnaround points on a daily bases, and it works well most of the time.
Equity indicators seem to gravitate towards round even numbers when correcting or when moving towards new highs and I think Gold might soon be done testing the $4,000.00 level for support. I'm hoping both gold and sliver start making sustainable bullish moves towards the $5,000 and $60.00 level soon, ...which in return would give the miners some needed relief. |
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