Gold Miners ETF (GDX)

[123tom]

I like the idea of taking some profits at the top of a wave...and that would be anywhere around 7-9 waves up. and 11 subwaves is extreme. Its also a combination of the other indicators looking over bought, resistance levels, etc, looking at all the indicators. how else can you not play the technical odds. you have to play the odds if that's how your vision is playing the game.
Its possible that tricky whipsaw tricks will be played here at the top, one more pop and then a whipsaw down, they want to sucker in the longs , you know they do that all the time. That's why I NEVER buy the 'topside breakouts' I always wait for a big pullback. why not sit back and wait for it. That ought to be GDX around the 50 ma or 21.50 area. Then see what price action looks like, what spot gold looks like, etc.

I'm starting to want to learn how to play DUST and NUGT. have you ever traded those??