Attention Tenters…watching this possible scenario real close…
http://stockcharts.com/public/1107832/chartbook/308234307;
After this ABC correction denoted above; this goes up per this EW count
http://stockcharts.com/public/1107832/chartbook/308234307;
After this ABC correction denoted above; this goes up per this EW count
OK now this person–Joanne Klein is saying that GDX is going up even though her notes say ” Target only the Leaders that hold above the Red Lines” and GDX’s price is way below the red lines…are you saying buy GDX now?
No, just watching… All eyes on the Fed on Wed. I am still bearish. However, I am anything the charts want me to be.
Ok thanks….I bought some NUGT on Friday and will hold off buying more for the time being….glad to see you looking into the bull case as well as the bear case….excellent…thank you!
If this trade has any upward direction the stoch needs to keep going up past 50. A turn down here, of course, would be in favor of DUST. The stoch 50 is real important–could be a BULL NUGT trap.
That wave 1 does not look like impulsive.
Neil, good point. Impulse waves move with the trend. GDX IS NOT in an uptrend. Thanks for interjecting.