Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Not an exercise in anything. It's a total scam. Just wiped out over half the days gains in 25 minutes...straight down. Can't even hold the RISING EMA 8 for more than 1 period. Here comes the mega-slam to new lows. This is just terrible, terrible. 27 million shares up and only 2 million to wipe out half the gains. Just dumb.

It better go set a new HOD RIGHT NOW on that 5 minute so that it sets a higher low and creates a higher high. If not, wash out coming...



I will add...NUGT hasn't put in back-to-back white candles on 2 hour in WEEKS. That slam prevented it from happening, as it was on the cusp. OH, notice the EMA 8 is once again the culprit.