October 31, 2014 : Gold Stock
Dramatic new MACD lows at beginning of August point to lower prices. Sell pullbacks towards moving average
A. Reversal of WR bar in late August
B. 99% down to start September
C. Bearish Engulfing and 2 Bar Flip-Flop in mid September
D. Reverse L-Formation and a 4 Close Reversal in late October
Going forward, this latest move showed a new, dramatic MACD low. I expect AEM, and gold to continue lower. Look for sell-zones on pullbacks to the 20 day moving average – the blue line in chart.