jmtbernardo
Short

GLD (GOLD) is on a Gap Mode

BATS:GLD   SPDR GOLD SHARES
967 5 2
Large gaps are not sustainable for long periods of time, so usually they are followed by a counter wave. After the counter wave is done the stock will continue to go down trend or be flat for period of time. This counter wave gives an opportunity for option traders to buy contracts at cheaper premium. Also to put into consideration is that April options expiration date is approaching, which also influences options to get cheaper according to my friend JR.
Sources;

http://www.investopedia.com/terms/g/gap.asp
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Windows.html
Gold is going to plunge much further than anyone ever thought... I'm seeing a break below 1000
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jmtbernardo
3 years ago
snapshot
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jmtbernardo
3 years ago
GLD is going according to the plan :)
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admin PRO jmtbernardo
3 years ago
Well done. Nice bullseye example!
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jmtbernardo admin
3 years ago
Thank you for noticing.
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