[isatrader]

BOX - Stage 1B, Potential for a Stage 2A breakout attempt

           

[pcabc]

A few breakouts in the tech sector.

Just have put in an order for RSYS:
   

INTC. The peak is lower than the peak of 01/15 (hidden by the text) but not by much. Note the gap up:
   

CYOU. Likely a little late for this one. Good volume:
   

[selik73]

Hi,
Can someone please let me know whether GLD and GDX are in stage 2 and simply experiencing normal pullbacks to their 30 EMA on the weekly or whether they have topped and are now entering stage 4?
Thank you.

---

The GDX chart on the weekly is right on the 30 EMA but the EMA is flat and it looks like GDX is about to take a big cliff dive. Can someone please clarify whether this is just a normal pullback to 30 EMA in a bull run or something to be worried about.


Thank you.
   

[isatrader]

Hi,
Can someone please let me know whether GLD and GDX are in stage 2 and simply experiencing normal pullbacks to their 30 EMA on the weekly or whether they have topped and are now entering stage 4?
Thank you.

---

The GDX chart on the weekly is right on the 30 EMA but the EMA is flat and it looks like GDX is about to take a big cliff dive. Can someone please clarify whether this is just a normal pullback to 30 EMA in a bull run or something to be worried about.


Thank you.

Hi selik73,

GLD is still officially in Stage 2, but clearly making a significant pullback towards a still rising 30 week simple MA, although it's weakening, whereas GDX is borderline with a potential Stage change to Stage 3A, but is still Stage 2B- currently imo. So with both I'd personally be looking for a weekly close back above the 10 week SMA to give a sign that the Stage 2 was still in force, but a weekly close or two below the 30 week MA would indicate a potential move to early Stage 3A. However, that doesn't necessarily mean it will resolve to Stage 4, as it could just as easily make a Stage 2 continuation.

       

[selik73]

Thank you very much for the analysis.

Hi selik73,

GLD is still officially in Stage 2, but clearly making a significant pullback towards a still rising 30 week simple MA, although it's weakening, whereas GDX is borderline with a potential Stage change to Stage 3A, but is still Stage 2B- currently imo. So with both I'd personally be looking for a weekly close back above the 10 week SMA to give a sign that the Stage 2 was still in force, but a weekly close or two below the 30 week MA would indicate a potential move to early Stage 3A. However, that doesn't necessarily mean it will resolve to Stage 4, as it could just as easily make a Stage 2 continuation.

[pcabc]

ON:
   

[Smellypunks]

Hi,
Can someone please let me know whether GLD and GDX are in stage 2 and simply experiencing normal pullbacks to their 30 EMA on the weekly or whether they have topped and are now entering stage 4?
Thank you.

---

The GDX chart on the weekly is right on the 30 EMA but the EMA is flat and it looks like GDX is about to take a big cliff dive. Can someone please clarify whether this is just a normal pullback to 30 EMA in a bull run or something to be worried about.


Thank you.

Hi selik73,

GLD is still officially in Stage 2, but clearly making a significant pullback towards a still rising 30 week simple MA, although it's weakening, whereas GDX is borderline with a potential Stage change to Stage 3A, but is still Stage 2B- currently imo. So with both I'd personally be looking for a weekly close back above the 10 week SMA to give a sign that the Stage 2 was still in force, but a weekly close or two below the 30 week MA would indicate a potential move to early Stage 3A. However, that doesn't necessarily mean it will resolve to Stage 4, as it could just as easily make a Stage 2 continuation.

ISAtrader it might help if we have some examples of stage 3 in the 'Learn the Four stages' section of the website. We focus (rightly so) on stage 2 but we do also need to understand stage 3. I have to say I am struggling some what with spotting stage 3 tops.

[isatrader]

ISAtrader it might help if we have some examples of stage 3 in the 'Learn the Four stages' section of the website. We focus (rightly so) on stage 2 but we do also need to understand stage 3. I have to say I am struggling some what with spotting stage 3 tops.

There are a huge number of Stage 3 examples already on the site earlier in this thread as I tend to only focus on them when the market gets weaker. So for example go back to March 2014 here: http://stageanalysis.net/forum/showthrea...14&page=63 and you'll find a lots more examples of Stage 3 and 4 during that period.