Gold Miner Index Breadth Oscillator Forward-Reckoning®
The GOLD BEAR Market IS DEAD as we unwrap it's cold dead paws from the PM Complex

Denaliguide's Summit
Posted Feb 18, 2015

The Long Term Oscillator of BREADTH, has a double-bottom October & December, and keeps it's RED Fast Line above it's BLUE Slow Line, which shows the number of stocks that continue to uptick rather than down-tick.

It has taken from July of 2014, to now, to get an upside crossover of the of the Weekly Goldminer Index Breadth Oscillator, JIMBO. I do not interpret Elliot Wave even though I am aware of it, but I include this for those who follow Elliot Wave Theory.

Here in RED we easily see how the JIMBO related CARTEL-BUSTER!, did not turn until October.

Cartel~Buster!, is also a weekly function related to Gimbo & JIMBO, and shows it smartly above support now as well, foreshadowing its strength.

After it turned, we see that it WILL support on the Speed Resistance Lines draw from October to present. Thus we are in Long Term, BUY or LONG MODE

I overlaid the GDX with the Twin Moving Averages of the Faster, Cartel~Buster!, Red and Blue, that measure trends shorter than 4-6 mo's, and they stand over the Falling Wedge (not related), in a more Leading measure than MACD, slowing acceleration as does the MACD Blue Bars. As the GDX moves forward over the Ichimoku GREEN Cloud, it moves above that support. In addition, GDX has formed a Falling Wedge, Bullish as all the buyers and sellers have expended their $$ there, creating a potential upside vacuum for the stock price.

These measures and the manner in which they are composed has me in a LONG MODE, a BUYING Mode, using the Correction to Acquire.

I am ready for this consolidation to stabilize and set up for a rally. I note the Rare Earth Stocks took a ride today, doubling........

Best.

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Denaliguide's Summit
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