October 31, 2014 : Gold Stock

aem

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.

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