GDXJ 2HR EW Update
Couple of targets for (iii) of C, the 100% MM target of the ABC 23.95 and more likely the 161.8% Projection of 22.59. (The projection is calculated from the Pts 27.29(b), 25.09(A), and 26.15 (B))… I use the forex calculator found here: http://www.actionforex.com/resources/tools/fibonacci-calculator-200603205723/
thanks trek trader.. much appreciated.. think we need some momentum to meet those downside targets
I agree… The GDX Weekly is getting pretty close to turning up… Now, of course, it could grind on for months but I’m thinking we go up soon, then down into first of July (per seasonality) up through end of August then reach the Final Low end of year http://goldtadise.com/?p=347180 with a short blip up mid October. It’s just too easy if we keep going down into July!!!