Direxion Daily Gold Miners Bull 2X (NUGT)

[rotor1]

Bullish or Bullchit?

Nice little 4 day pattern to finish the week, even got the gap filled on the second day and finished up with a Hollow Red stick. Gotta admit it caught my eye



and the 3x perched atop the 200 line also with a Hollow Red stick.



Perhaps a touch of the Mandelbrot's aka a Fractal of something we say last August. It shows more clearly on a few other ratio charts rather than this example. Probably got Hollow Red sticks implanted in the brain - Obviously they have more weight when lower down in the scale.



Other things also, but lets see what happens next week. Must say I'm well out of my depth posting here now I know you have a Genius leading your country.