Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Swampdude]

Afternoon gents,

I love the shop talk between both of you, highly educational.

I wish I lived close enough to either of you to take classes. Only been doing this a year and still wet behind the ears and still have to work most days but trying to see the markets as well as y'all so I can just stay home or travel and trade.

JIC, I'm on the SC coast near the SC/GA line.

Please keep sharing ideas, we are all learning. And if either of you sees that golden buy in point, please give a shout out to an old/new guy.

TIA,

SD

Do y'all follow the GDX board? here is what a couple of them think about all this,





The miner run really starts when it is ahead of gold on rise over run. Basic stuff but it's there. Math and stats are in everything.

GDX pausing at the 50da ma

that huge up candle a few days ago says a big buyer came in
gdx is going higher but is resting.



http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=7&dy=0&id=p65075084846


1264 s/b tested (part 1)
EOD chart does not have today. (at 430pm)
burning off supply

1260 supply candle (november), 2nd time thru

pattern sure is cup with a handle and possible breakout.
as long as daily candle is ok hold

http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=7&dy=0&id=p96326108621

Thoughts anyone?

TIA,

SD