Replies to post #39007 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Ummm...and GDX is the primary baseline for NUGT. So, multiply said move by 300% PLUS deterioration...and there's your NUGT target, which is much less than $12.00 (i.e.- likely R/S area).

I'm not calling one way or the other at this point. If there's one thing you all need to learn from me...it's you CANNOT become married to a thought/direction when trading NUGT/DUST. That will destroy you (speaking from experience). You MUST be willing to accept you may be wrong and switch directions.