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Wednesday, March 06, 2019 1:45:36 PM
The Ord Oracle
By: Tim Ord | March 6, 2019
SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19.
Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
The top window is the 10-day average of the Bullish Percent Index for the Gold Miners Index. The Bullish Percent index measures the percent of stocks that are on Point & Figure buy signals in an index - in this case, it’s the Gold Miners index. We have drawn red vertical lines where the 10-day average of the Bullish percent Index exceeded 40% (the current reading is 44.78%), which represents an up-trending market. As long as the 10-day average of the Bullish Percent index stays above 40%, the uptrend in the Gold Miners Index should continue. Signals in the past could last a year or longer. Yesterday the Bullish Percent Index for the Gold Miners index Increased to 46.15%, up from 44.44% last week, showing that this index is getting stronger. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
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• DiscoverGold
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By: Tim Ord | March 6, 2019
SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19.
Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
The top window is the 10-day average of the Bullish Percent Index for the Gold Miners Index. The Bullish Percent index measures the percent of stocks that are on Point & Figure buy signals in an index - in this case, it’s the Gold Miners index. We have drawn red vertical lines where the 10-day average of the Bullish percent Index exceeded 40% (the current reading is 44.78%), which represents an up-trending market. As long as the 10-day average of the Bullish Percent index stays above 40%, the uptrend in the Gold Miners Index should continue. Signals in the past could last a year or longer. Yesterday the Bullish Percent Index for the Gold Miners index Increased to 46.15%, up from 44.44% last week, showing that this index is getting stronger. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
Read Full Story »»»
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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