Replies to post #16541 on Direxion Daily Gold Miners Bull 2X (NUGT)

[mannken]

No change in outlook

I still see Dust breaking below the lower W pattern arches around 10 in chart I commented last week, in due time

Will be a fight knocking off king dollar, but 50/200 death cross approaching, takes time in FX market

The gold frenzy hasn't started yet, it will if breaks 1170 area

I will be looking for Nugt $60 gap filler with nice chart technicals and bollinger breaking away, then re-assess dollar/fed/geo-political if $100 in cross hairs

Note dollar 105 sold off on 30 year peak trend line, now add Qe4 and Zirp

[rawiron1]

Yes, I am a long term bag holder.

55 to break even.

NUGT