While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
After a blistering near 27% run since the June unemployment data, GDX looks toppy.
A close today under 26.59 would put in an ORL day.
The Junior Miners (GDXJ) pattern, while in need of some digestion, looks better than it's big brother.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
