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Precious Metals
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Re: Gold and EPOscillator......"Makes me wonder what the indicator really indicates... " It measures stock prices in relation to their ST MA and an oscillator does what it does, it oscillates. The reason it is being pinned so high, so quickly, is due to the simple fact that so many (all?) miners were trading at or slightly below their ST (and LT) MAs. Of course that explanation is included with each and every post of the osc if anyone takes the time to read it. It indicates exactly what it should and works as designed. My guess is the tool will most likely correctly call the upcoming profit scalp by the momo crowd with all these double digit gains in such short time. Profit takers take profit and that always comes following quick run ups. SLW from $11 to $15 (give or take) in mere days will cause some profit taking to be sure. Lastly, the miners are not at rock bottom, they are about 20% higher than that or else the osc would not have moved. And a 10%+ move up is hardly fair to call "no appreciation". Used to be 10% a year was considered a solid ROI. CK, Please do not let the naysayers, whiners and those who only want to crap on your work deter you. Some of us (most of us) appreciate it. Besides us scam artist, BS artist thieves need to stick together. |
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