JDST Hit My Target
I suspect that will be a short term high.
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the way miners are moving say otherwise….no bounce until 1030-1050
Here’s a link to my chart. Fitting very well so far.
http://schrts.co/LBthOc
🙂
I know I said I wouldn’t try to trade a counter trend move but it was a bit too tempting when JDST hit my target. I bought a small JNUG position at 6.92 just to test my premise. No big stakes here….more of an experiment 😉
That’s funny, I was thinking the same thing when I saw it do the ping pong bounce off 18. But I still remember the ping pong markets of a month ago and said never again. I think Plunger said today could be an interim reversal day, so the JNUG thing would fit with that, too.
I believe in “trader’s intuition” but to randomly pick a target because it looks good and be right. You must have a dart board, crystal ball, a deck of fortune cards? Or maybe you are just living right!
Well, I wasn’t randomly picking a target. It had a great fib fit and the structure over the past few days looks consistent with an interim bottom. I’ve been waiting for the final gap down in a 3-drives manner while gold hits supports.
Thanks…see your reasoning now…
also got in there with a full position w/stop so far so good