Gold Miners ETF (GDX)

[dabonenose]

I agree with you about top side breakouts. For me, I read the indicators at b/o time to see if I wanna be involved.

My fav b/o is when a downtrend line is broken from a symetrical triangle and the pps returns within 1-2 days to test the line again. I'll buy at the line setting a stop beneath the last major low.
However, if the pps closes below the b/o line, I'll raise my stop limit and place a trailing stoploss. This procedure almost always keeps me out of trouble.

Preservation of capital is rule number one,,,lol.

Each time a major low is set on an uptrending stock I move my stop up to just below.

LOL,,,easier said then done sometimes.