The average time between DUST/NUGT crosses the last 2 times is 82 bars. If that happens near the average were looking at the end of January. I think NUGT has more downside first but I would like to see 1125-1150 hold for gold and 8-8.50 hold for NUGT before getting too excited.
Friends, Last September 12th, a series of bullish targets were defined as follows: 1 - TG-1 = 32.97 - 12 SEP 2014 2 - TG-2 = 37.76 - 12 SEP 2014 3 - TG-Hi = 41.23 - 12 SEP 2014 and 4 - TG-x = 52.76 - 12 SEP 2014. (Source: See "$Gold Could Still Brush $Dust Off Bulls, Flat Out | #elliottwave - Link: ). At the time, the market was heavily favoring bears,...
Friends, Following is a brief technical synopsis of the interpretation I would make, given an asset giving off signs of reversibility from my predictive/forecasting model, as well as from a "Game Theory" approach by way of reverse engineering a high-probability set-up given the current set of conditions, in a "forward retrospective" fashion. PREDICTIVE...
If FED will announce cut its monthly bond-buying program by another $10 billion today as expected, it should go up.
example of RENKO blocks, Ichimoku, Elliott wave and regression channel, working well together
Daily Chart Fibonacci Channel Support & Resistance Bounce Zones
It is close to another sell off. $NUGT Bullish
Expect to consolidate for a few days. Same for $NUGT & $GDX