Tuesday, December 13, 2011

What do two Gap Downs in a month mean from a technical point of view?

I purchased shares of GG when they Gapped Down on December 4th thinking that it was a good buying period because the charts are pointing upward. But there have been 2 Gap Downs this month. The first on Dec 4th and the second on Dec 17th. What does this mean from a technical standpoint? Is the stock heading down from here on out? Will I save myself alot of money if I dump all my Gold mining stocks? I have been dollar cost averaging this dip in Gold prices and if I hold onto it I am poised to make quite a bit of money on the deal if they do go back up.

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