I have a point/question that maybe you could expand on. 2 days ago GDX closed on a hammer above the one hour 34ma. Bullish, except for the fact the next day the GDX gapped down about 1.2% on premarket trading. This is light trading, no more than 100,000 shares. In fact looking at the GDXJ today, in premarket it dropped 0.3% on 5000 shares traded lol. They were dragged lower by gold taking another smacking and gapped well below both the 8ma and the 13ma, both of which would have provided support and were coming up to cross the 34ma, at least on the thirty minute chart.
So yeah how would you deal with this? Just work at longer time frames and ignore the short term noise?
Also, do you get money if I up vote, comment and resteem? Not sure how this place works at all.
And then we remember market manipulation :(
Great video as per usual.
I have a point/question that maybe you could expand on. 2 days ago GDX closed on a hammer above the one hour 34ma. Bullish, except for the fact the next day the GDX gapped down about 1.2% on premarket trading. This is light trading, no more than 100,000 shares. In fact looking at the GDXJ today, in premarket it dropped 0.3% on 5000 shares traded lol. They were dragged lower by gold taking another smacking and gapped well below both the 8ma and the 13ma, both of which would have provided support and were coming up to cross the 34ma, at least on the thirty minute chart.
So yeah how would you deal with this? Just work at longer time frames and ignore the short term noise?
Also, do you get money if I up vote, comment and resteem? Not sure how this place works at all.
Cheers,
Paul.
i hope i answered your q's on the next vid that is posted. good questions.
Cheers. Will take a look.