Replies to post #2116 on Direxion Daily Gold Miners Be (DUST)

[mannken]

Nice trade

Still watching technical's, but do think we're within a day or two of a turning point, one way or the other.

I think Nugt still has another 1-2 days of push, based on RSI, FastSto & 50/200 crossover

If $50 handle on Nugt is tested and pushed off as resistance, then will start entering Dust, hopefully with a 13 handle.

If $50 on Nugt is a walk-thru, then sidelining again for a wash out bottom on Dust, which is plausible, since the 50/200 crossover has already held on Nugt for several days, then I will be looking for 12 handle on Dust to long.


GLTA

[risk on]

We may see that one last dip down tomorrow and possibly carrying over into the next day, but the we see a buy signal , looking for an abandoned baby or a morning star Doji like candle to show change. It may even occur tomorrow. But there is a definite pattern we are in that looks very similar to one which occurred end of March/ early April of this year, which beget a nice 60% gain off that bottom. Now we just need that one final dip to capitulate and show the way. I will be loading 9/20 calls the whole way. This is going to get fun me thinks , patience is a virtue.

[ID Supermoney]

I think this opens about $15.40 and moves up to about $15.60 or so tomorrow!!

Got my first sell in at $15.55 (half my shares and then I will see where she goes) I think she may have life to $15.90 or more!!


GLTA


ID