Rambus – thanks for the shout out, but it is I who am indebted to you…not only for the recent windfall$ (and future windfall$ to come), but also for teaching all of us so selflessly.

Speaking of which, I would like to present a chart to the forum for feedback. I am not advocating placing a trade based on this chart, but it is something to keep an eye on.

My personal plan is this: if HUI stays below 155, I will continue to hold my short miner positions. If it pokes its head above 155 – and particularly if it closes above 155 – I will close out my miner positions for the time being, in anticipation that a visit back to 200 (red circle) may be in the cards. This will prove to be a smart play IF getting out above 155 and back in around 190-200 presents itself as an opportunity, particularly as the alternative of riding out such a trip up and back while holding DUST will take a serious toll based on erosion of leveraged ETFs. Then again, this will be a fool’s errand (and an expensive one) if HUI closes above 155 as a headfake before turning lower. (please click on the chart to bring it into focus – sorry, but I tried to increase resolution and could not.).

Very Best,

JLo

HUI 2014.11.05

 

 

And Here is the 15 year chart showing the neckline that Rambus has so often pointed out to us: Backtest to this important neckline comes in around 200:

 

HUI 2014.11.05 </p> </div> <div class= Posted by Fullgoldcrown @ 10:20 pm :: Uncategorized
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