RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Gold versus gold miners
To my eyes gold [1] is over extended. How much longer can it keep going up without support, especially such a steep rise. To me it looks like the pair of trend-lines I've drawn might be significant, but it could crash through them. The Silver [14] and Gold Cross [15] indicies are interesting as they have been on a strong rise, so the nuimber of miners with their 20 day EMAs over their 50 day EMAs has been increasing as has the number with their 50 day EMAs above their 20 day EMA.