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Global Gold Miners Sector: Forming Bottom
Wednesday, October 8, 2008, 10:20 AM ET
Bullish Factors: Daily Stochastic Osñillator - oversold, Support at 27.8; Similar stocks or key components looks bullish, Average P/B (2.00), Program trading buy orders at 28.4 after Oct 2; Implied volatility (76.21%) < Historical volatility (83.50%), Unusually high option trading volumes for Oct 27-34 Puts/Calls;
Bearish Factors: daily MACD - bearish, ETF trend (weekly) - looking for direction; Resistance at 34.0;50MA;Average P/E (23.35); Average P/S (4.32)
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