Replies to post #2563 on Direxion Daily Gold Miners Be (DUST)

[mannken]

Seen your call

on Nugt board, I'm waiting one more day, want to watch 16Dec low 24.14, see if she can hold the line, will be looking at chart data again tonight

[mannken]

Back to DOW/Gold ratio

and why I'm being further convinced that Gold 1207 low on 24Sept could be the low off the 1200 support line, that's of course if Gold makes a short term run. I still have a channel read of 1190 descending support, but I'm questioning that target now.

The ratio ticked up today 2/10th to 14.05 (noise), but the MACD has just crossed under, and the Trix is near convergence on a cross under. I find these 2 indicators quite accurate most of the time, and they can lead by several days.

Tomorrow will be a pivot day IMO, The DOW/Gold ratio is speaking, if truthful (lol), then we should see either DJI sell off, Gold climb, or both in the next several days.

The wildcard is DXY !