Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

GDX LOD is exactly the middle bolly ATM. Techs are wrecked on every longer TF. Weeks worth of gains wiped out in a day and 1 hour. Sickening. I'm not holding this much longer. I HAVE to get back to swing trading. I can see everything unfolding and it's driving me insane not trading it.

I'm not convinced I would make back this loss and then some switching back to what got me the gains in the first place. This action now has me believing it's feasible GDX/NUGT go down to set a new low into YE as it's done in prior years.

Remember that whole "right through 50 MA on first shot bit"??? Ya, did it again...