Posted On: 01/19/2014 1:29:19 PM
Post# of 2561
MUX Daily Chart ~ Big Move Since the End of December
Just as all the talking heads on TV were screaming, in October one year ago when gold was at 1790, that gold is going much higher, over the last few weeks they were screaming that gold is going down to the 800s from the 1180s it was trading at. Maybe, but it's since rallied to 1255. Where MUX was given up for dead, a few of us noticed the double bottom on the charts in the 1.60/1.70 area along with the positive crossovers of the FullSto and MACDs. So as the talking heads were telling everyone to sell their gold and silver, MUX's chart was saying it was time to buy the stock. MUX is now hitting its October highs at 2.50. Should it break over that level, then the 2.90s of August and September might be seen. I'm not in the stock buy seven traders I know are. I'll never state that trading is easy, but sometimes it really is. Good work guys.
Just as all the talking heads on TV were screaming, in October one year ago when gold was at 1790, that gold is going much higher, over the last few weeks they were screaming that gold is going down to the 800s from the 1180s it was trading at. Maybe, but it's since rallied to 1255. Where MUX was given up for dead, a few of us noticed the double bottom on the charts in the 1.60/1.70 area along with the positive crossovers of the FullSto and MACDs. So as the talking heads were telling everyone to sell their gold and silver, MUX's chart was saying it was time to buy the stock. MUX is now hitting its October highs at 2.50. Should it break over that level, then the 2.90s of August and September might be seen. I'm not in the stock buy seven traders I know are. I'll never state that trading is easy, but sometimes it really is. Good work guys.
(0)
(0)
