Thursday, October 31, 2013
Miners fail, again
Failed to overtake its SMA(50) with the Tuesday reversal, then failed its EMA(20) today. Next up in the failure sweepstakes is the Bollinger mean.
And here's GDXJ:
It never even got to its SMA(50), and is now falling through its Bollinger mean with MACD signal failing to even become positive.
Sorry, dudes. That's failure right there.