Posted by msjen1.

Watch those Gold Miners! Love affair with miners is a one way street…
Shaza

I know people at this site love their PM’s, but please note that your PM paper  does not love you! Nor do any of your stocks. That  said, please take note of Quint Tatro’s chart on the GDX. It has potential to fail. POTENTIAL. Pink marks are mine and show head, shoulders and broken neckline.

  • Head and Shoulder top is in place
  • Failure to hold the neckline has been pipped and needs to turn up very quickly or it is a trend reversal and your commitments should be sold or scaled back
  • High, High volume on the right shoulder is in line with head and shoulder top and trend reversal
 Be sure to have stops in place and make sure you moved those stops as your stock rose, if not, readjust!

The entire of Tatro’s chart show is worth a look.

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