Friday, March 12, 2010

GDX

Pulling to pitchfork channel. The trade is really off of the red dog reversal candle, for an ultimate break of the downtrend on the daily. But playing with Andrew's pitchfork to see how it serves as a guide. Needs to make a higher low here otherwise trade is in trouble.
Here's how it looked when I first entered. Haven't seen a real change of trend yet.

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