Tuesday, May 10, 2011

GDX trade:

broke downtrend... but retested to gap fill -- from there... 3 bump trendline formed and it was possible to enter with tight stop as new line held and gapped up next day.  

Key was to wait for downtrend to break AND trendline to form.  -- Once uptrend is established -- about a point above the lows from 2 days ago.

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