iHub Mining Sector Entrance Lobby

[longjonsilver]

so a breakout isnt really that good an entry point, unless its confirmed by a pullback or other technicals?



check out how after the breakout (tuesday) the stochastics had a bearish crossover (thursday) the adx started to hook in (friday) and the macd turned down and is ready to cross over (probably tomarrow). so either breakouts are not a good entry point or in this one the technicals were ready to turn ao as to make this a weak breakout. notice on march 27th the macd was very low - lots of room to run and made a bullish crossover - the stochastics had already had a bullish crossover on the 25th - wasnt that the time to buy? of course i had no money then - as i hadnt sold at the top of the february rally. at least i sold some CKG, AQI and MMG into this rally this last week. live and learn.

jon