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Post by simonsays on Jun 26, 2014 7:54:49 GMT -5
I have been nibbling on miners during this pullback. I'm a bit early but have stuck with buying those that have pulled back nicely or never really took off.
I also opened a decent sized NQ short at close yesterday. I've been stopped out of the last two shorts so maybe I'll get this one right. I've been using very tight stops on these, so they are just little paper cuts.
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Post by sb on Jun 26, 2014 8:06:13 GMT -5
I haven't added to any of my miners since around the same time as Alex was buying hand over fist. I intend to add but will wait until stochastics are oversold on the daily charts again, and add heavier once the weeklies are oversold, though that could take awhile. For now, just observing and enjoying the ride.
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Post by simonsays on Jun 26, 2014 8:20:57 GMT -5
I haven't added to any of my miners since around the same time as Alex was buying hand over fist. I intend to add but will wait until stochastics are oversold on the daily charts again, and add heavier once the weeklies are oversold, though that could take awhile. For now, just observing and enjoying the ride. That is more or less my plan as well. I added a few here because I was thinking we may get another leg up without giving dip buyers a chance (me being greedy perhaps). I'll either stop out of these and rebuy lower or perhaps we'll consolidate sideways and then move up. Miners are definitely on their own cycle and I think Likesmoney has them on Day 19. |
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Post by simonsays on Jun 26, 2014 8:21:24 GMT -5
Haha. Love the avatar!
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Post by simonsays on Jun 26, 2014 8:32:39 GMT -5
One thing I watch for with miners is the daily action of FNV. It is often the last to succumb to corrections and the first to take off out of bottoms. So when it dips hard, we're usually near a low.
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Post by sb on Jun 26, 2014 8:34:47 GMT -5
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Post by simonsays on Jun 26, 2014 9:59:31 GMT -5
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Post by simonsays on Jun 26, 2014 10:28:08 GMT -5
Likesmoney has miners on Day 20 . The previous two cycles have been 26 and 27 days respectively, IIRC. I think gold is on Day 16.
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Post by simonsays on Jun 26, 2014 11:27:42 GMT -5
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Post by simonsays on Jun 26, 2014 15:10:59 GMT -5
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