Gold Miner Oscillator-Forward Reckoning®
How long will a flat correction run?

Denaliguide's Summit
Posted Aug 4, 2014

Notice how the MACD declines and the GDX price does not, within the FLAT CORRECTION?

Every day, the CCI (Top Panel) declines into the NO SELL ZONE, increases the likelihood it will LEAVE the NO SELL ZONE. Similarly, in the case of the NO SELL ZONE on the GOLD MINER OSCILLATOR Chart, the more time the TSI (MACD substitute) spends in the NO SELL ZONE, creates the same liklihood.

Note the Upside Excursion that occurred on Friday, @ 15:57 PM the price hit $27.52 GDX on over 1.9 Mil shares in 1 min. Some wanted in fast, and sure, and got a lot of shares @ the close. Figure what it means. To mean it means THEY whomever that is, WAS going to get those shares whatever bid it took, sometimes quite the reverse of hinky things we have seen before. HMMM.

So the share price is stable with some upside spikes and the MACD declines. Strange picture? It can be, BUT both The Gold Miner Oscillator and the GDX MACD will turn up at the same time and that is when the FLAT CORRECTION will be OVER.

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Aug 4, 2014
Denaliguide's Summit
email: denaliguide1servicecenter@gmail.com
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