Gold Miner Index Breadth Oscillator: Forward-Reckoning®

Denaliguide's Summit
Posted Jul 24, 2014

Looking at GIMBO, (GOLD MINER INDEX BREADTH OSCILLATOR)(chart #1), it's half way down its scale but its momentum (bottom panel) is in a BOTTOM. Its TRUE STRENGTH INDEX is bottomed out making me suspect we are in a FLAT CORRECTION.

Given where we came from what we could expect would be 1 or all of 3 items: Flat Correction, Spike Down (smack-down), and Catapult (double P & F buy signal, 1-2 punch), covered in PEAK PICKS.

As we work through what is a very confusing area, akin to a Rip-Tide roaring in two different directions at once, it's a little hard to be sure of one's directions, so we have to look for direction in both Volume and Form at the same time. BUT the Ichmi Cloud and the Speed Resistance Lines basically define the paths of least and most likely resistance. Targets, Supports and Stops are in Peak Picks + The Special 12 Minor Miner Report.

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Jul 22, 2014
Denaliguide's Summit
email: denaliguide1servicecenter@gmail.com
website: www.denaligudesummit.blogspot

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