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Re: Marketwise post# 4949

Thursday, 12/01/2016 3:44:54 PM

Thursday, December 01, 2016 3:44:54 PM

Post# of 20549
yes, I'm buying off a 60 min chart.

buying as the prices pushes into the lower Bollinger band and selling as it pushes into the top band.

That only works in consolidation though.

The daily chart of GDXJ looks like the consolidation is about done.

It should break up or down soon on a longer time frame.