lowtrade

[lowtrade]

OK here's some info about something I've been thinking about and researching lately. GOLD's walk up, after FEB.s surge back to life, as a safe haven. The sector has been sucking up dollars from worried big guys. Checking the gold miners sector I've come up with what I feel is a good little guys way to trade this GOLD reincarnation.

GOLD
http://www.finviz.com/futures_charts.ashx?t=GC

BAA strong watch, After checking my portfolio status tonight I found, my 1st small standing flag pattern order, closed today. I expect to see price retrace and fill the gap up though.

To start it has a working flag chart pattern. It has confirmed entry/exit indications and improving negative support indicators, With increasing volumes. So It meets all categories I want for a play.

Next the ADX black momo line is turning up with the DI+ entry indicator, confirming entry. In the DMI entry/exit indicator. And that's from below 15, which calls for a large move. Plus the 5,10,20 day MA's just went confirmed entry again, with the recent 2 day pop.

All this says one can enter, but I would wait for todays gap up to fill. As todays 1st resistance break of the flag was on emotion. Maybe event nibble some if that happens. Low risk requires emotion to settle to find if this becomes a true continuation. But confirmed entry has been established, so one could enter anywhere, per TA indicators.

More info to support a strong watch or entry is the gold industry performance. Of the 42 company stocks only 8 have not had positive gains in the last month. And when I looked at most of the charts they were climbing up at a 45 degree angle. Very positive.

This made me check GLD, the gold spider and I found 1 more thing I like. Of all the stocks. BAA has been tracking GLD very well. Event though BAA's management sucks at producing profit margins from gross margins. This under a dollar American exchange stock seems to have become the little guys GLD spider. LOL

At any rate a Heads up on BAA. you can check the things I've posted about here;
BAA 6 mo chart
http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=6&dy=0&id=p25834064020
GLD
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p45091625490

Gold miners performance;
http://www.finviz.com/screener.ashx?v=141&f=ind_gold,sec_basicmaterials&o=perf4w

BAA fundies;
http://www.finviz.com/quote.ashx?t=BAA&ty=c&p=d&b=1

Oh yea, basically NO short interest!!!

Play at your own risk!