[isatrader]

Would one even consider Gold Stocks while the US Gold Mining Index is still under the 150 day MA?

Yes, but only the very best stocks that meet the A+ criteria, as you need to remember that the index is just an average of all the stocks within it, and is a lagging indicator. And so in order to get into the leading stocks in a sector when it's possibly turning around like gold stocks might be currently, then you need to consider some test buys in the first stocks to move into Stage 2A. As otherwise when the sector chart as a whole does finally recover back into Stage 1, then the leading stocks will already be well into their Stage 2 advances and you would have missed their ideal entry points. Getting into the new leading stocks within a sector as it turns around one of the hardest parts of the method to be honest.