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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?

To: dalroi who wrote (1303)	11/29/2013 10:33:02 AM
From: gold$10k	Read Replies (1) \| Respond to of 15903

GDX may not reach its 20dma. It may be limited by its broken H&S neckline... or they could be coincident by then. Also, GDX tends to anticipate moves in gold, so it could already be down 2% from its neckline (or whatever its high was) by the time GLD/gold tests its 20dma. The 20dma is the same as the midpoint of the daily Bollinger Band (BB)... currently 23.51 for GDX. Stockcharts and other charting services have free charts where you can find this information for yourself, as it will be different by the time the test happens.