Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

I said it Friday...and I'm going to say it again now. This move is great and all, but volume is NOT confirming it. I mean, GDX only at 18.7 million shares with just over an hour left??? We're talking about an 18 month supposed wedge breakout. We should be pushing 80-100 million both Friday and today.

Also, the hourly chart has not printed a SINGLE red candle in 2 days as of this post ("potentially" working on one in this period). It also has not even sniffed the EMA 8 during that time period. To say it is O/B is an understatement.

We are going to see a flash-crash in miners at some point here, mark my words. Techs have to cool off or this move will all be for naught...again! All JMO.

For the record, I'm NOT calling a top today. But it is getting near IMO.