Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Maybe I'll end up being wrong...but I still say this seems like consolidation, not reversal. Declining volume, again. First time under 30 million shares (at 29.7 million) since early September. Action still within the flag on the daily too.

I think we'll find out within the next few days if there's another push coming.

From my last post. Too bad this technical stuff doesn't work. LOL.

GDX should rip higher to fill that gap at 20.50 out of the gate this morning. NUGT closer to the 18.50 gap...although, not sure from a percentage standpoint it gets all the way there, but let's see how this all unfolds during open market action. Now, this morning's gap is one that I'm not too confident can hold long-term (unless market gets irrational, which is feasible).