guidoisot

PPO and ADX getting close, trend reversal up coming

Long
AMEX:GLD   SPDR GOLD TRUST
1620 views
1
when the distance (graphically, on the chart) between the top of ADX and the low of the PPO (or also MACD ) is at a minimum, then there is a good chance that prices will rise upward. If one thinks at the meaning of ADX and PPO it makes sense, I think.
Another symbol is to look at might be NUGT (Direxion gold miners Bull 3X) .... nice to play with calls.

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