Another thing is DUST and JDST are pinched like a son of a gun. Never, not one time in over 15 years of trading have I not seen a pinch get its run. It is 99% that they do. Only time that they don't is when the actual company folds. Something can't get a run if it stops trading or goes extinct. Other then that situation all pinch plays get their run eventually. Timing is extremely key with pinch plays though as one can take on huge loses while waiting for the run.
Looking at the DUST and JDST pinches first thought is that these are ETFs. I don't see ETFs get this pinched all that often. Second is that the PPOs have never been lower in them. Third a few weeks ago divergence happened and the pinches should have been relieved by a run happening. Instead they have dropped to further lows. Now the divergence has reversed and the pinch is getting re-pinched but without even getting a run to relieve the first pinch so now it is just one very long on-going pinch.
What this means is that there is massive amounts of money on the other side of the trade. To keep something this pinched and for this long and especially an ETF representing an entire sector means massive $$$$$ on the other side. The long side in miners is extremely crowded with tons of money in it. When that dumping starts it will be huge.
The way that DUST is pinched is what I call a longneck or long nose pinch. These run bigger and more massive then regular pinches. These longnecks are a true test of patience though. They seem to take forever.
A pinch is actually an abnormal chart condition. It is when one side of the trade has become so heavily biased and out of whack that the chart is able to display it with a pinch.
The type of pinch DUST has is the pain in the butt type but also the most rewarding but timing is critical. It would not be out of the ordinary for the ADX to come back to the original pinch point of the longneck which would mean ADX at 40 again.
The amount of money that has to be used to bias one side of the trade to cause the other side to have a longneck is enormous and it can not and will not continue. Especially for an ETF. All of that has to unwind and as it unwinds out of miners DUST will run massive. The catch is when to catch it, where is bottom. It is coming though and will be a giant run that DUST has. Once the pumping campaign unwinds then the massive money build in miners will unwind. This will lead to a huge selloff and DUST to finally have a massive run that will break its longneck pinch finally.
One thing I know and is absolute about the stock market. All things obey a pinch eventually and all pinches must get their run. The timing of pinches however are very difficult and risky and take a lot of experience to get the feel of them.
Knowledge + risk taking = prosperity
AI
