Tuesday, November 09, 2010

Day Trader talk

We've talked about "comparative analysis" before in our posts.   Divergence between SLV GDX today was a fantastic example of this, coupled with parabolic chart and massive historical high volume.

SLV running like mad up over 5% at 1:10 PM away from base/EMA.

Meanwhile what was GDX doing?   Basing on EMA/R1 (where we covered the morning short on first touch of support) with no reaction whatsoever on SLV hysterical move.   At the time we believed GDX told the real tale.    This is information you need to jump on as an active trader. 




I trade Size.