AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
108 18 3
Minute wave ii could well be complete. IF so, then wave (i) of minute (circle) iii             should reach higher toward the .618 extension (green line). Breaking down below micro support from here would look like an flat correction with the top of my green box up next. I'll post a shorter time frame within the comments.
Up against an inflection point this morning. Overnight low was 30.50. Was that all of (ii), or just an expanded b-wave flat? I do not know. I'm still a buyer under the green line.
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Jv200909. nick.holland78
Just another opportunity to buy the dips.
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Today's open CAN represent 5 up, making the (b)-wave much less probable. I switched the yellow micro count to green, matching the color of my primary expectation on the larger time frames. This makes the lower (c) of ii an alternate which, if it plays out, will have me stopping out of new long positions (not yet entered) and re-striking lower.
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Jv200909. nick.holland78
3 white soldiers on the daily chart. I am too chicken to sell here despite the negative div and overbought condition. I am waiting for the last w v (1) to sell.
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Jv200909. nick.holland78
Nick, could iv be done or we are going back and forth a few days around this level before going up to v?
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Jv200909. nick.holland78
Nick, let us know when you are ready to buy back gdx.
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I'm still not sure if this is iv or (ii). Gonna trade for (ii), same same on entry. Exit will be a real-time decision. Probably get back in tomorrow or Friday. I'll post an update tomorrow. Looking at silver futures now.
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Jv200909. nick.holland78
I want to add some more if we go down to 30 or high 29 area. My position is too small for this bull. Yeah, keeping my eyes open tomorrow or Friday.
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Jv200909. nick.holland78
Wow, gold rallying huge premarket!
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I sold the remainder of my ST longs here. Still have some core positions for the bigger swing trade and will add back on a retrace. Support shown, but wave iv may only reach the 38.2% retrace of wave iii (and wave iii may not be done, so that level can move higher). Also, note that its possible wave iv is complete and wave v of (i) has begun...IF so, I'll add back on wave (ii) with support in the same region.
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