Kimble Charting Solutions Blog

Not a pretty pattern for Gold stocks today!

Posted by Chris Kimble on 03/24/2011 at 1:21 pm; This entry is filed under Gold Stocks.

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The day is not over with, yet so far GDX and GDXJ have both created negative upside wicks/reversal patterns at the the top of these flag/pennant patterns.  These must be respected in a BIG WAY.  If long, BE VERY CAREFUL!

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2 Comments

1. Jeremy March 24th, 2011 at 2:32 pm

   How about SLV and silver? Does it have the same upside wick?

2. Chris Kimble March 24th, 2011 at 3:43 pm

   Jeremy….Silver and SLV haven’t been in sideways trading ranges, yet both did experience single day reversal patterns as well.

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