Replies to post #10877 on Direxion Daily Gold Miners Bull 2X (NUGT)

[mannken]

Today's candles

Copied over from my Dust post

'Nugt is sitting on a bullish engulfing inverted hammer, while Dust is sitting on a bearish engulfing hanging man. Macd/Trix are setting up for a cross over.'

Dow/Gold ratio open study again: The ratio pulled off the upper bollie on 23Sept, if yesterday was the Nugt bottom (22's), which seems highly probable with the candles, then the ratio has lead by roughly 5 days. I expect the Nugt bottom will churn for a few days before moving up. I will continue to scale anything below 25.