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Friday, February 17, 2012 9:38:39 AM
* Friday, February 17, 2012
The Gold Miners ETF (GDX) opened weak with a print below 53, but then recovered with a high volume rally and close near 55. Overall, Thursday's long white candlestick engulfed the prior four candlesticks. At the very least, this establishes support with Thursday's low. Follow through would confirm the pattern and argue for a move above the early February high.
http://blogs.stockcharts.com/
George.
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