Replies to post #43863 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

In the long run, you're probably right. However, this move is now eerily similar to the down move of last summer. Thursday/Friday last week were the gapped alone candles (matching the gapped alone candles last year), followed by the long red candle (matching today's long white candle). "If" pattern holds true, there is one more blowoff candle tomorrow before a ST top and minor PB. BUT, that would only be wave 4 and wave 5 would follow with new highs.

Insanity afoot! NUGT 100%+ increase since May 30th! Who'da thunk it! I had 11k shares at a 14.41 average that I sold on the first gap day May 31st. DOH!!!