Replies to post #2605 on Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

Thanks for the feedback.

However, charting the derivatives is not as effective as the source security itself.

I find it best to focus on the GDX chart.

My reasons for selling DUST here have to do with options activity on GDX in the coming week where it appears 21 will be the magnet.

I am playing NUGT for the coming week for a small bounce. I just don't see the bounce lasting much more than a week though.

As for next month, it appears that the miners could just go sideways for a while. GDX gets stuck in a range of 20 to 21 or so. That will cause pain for those playing both NUGT and DUST due to decay.

[mannken]

and it did !

what a chart breakout