AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
150 18 4
Realized my older GDX             hourly post was getting stale. Here's the update I'm working from. Matches the micro details from posts inside the earlier thread. The 61.8% extension at 32.80 region is a clean 5-up for (i) of iii             , the typical target, but its certainly possible to consider (i) complete already as indicated in pink. I've got open orders below the green line at 30.27.

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15min chart.
snapshot
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I exited ST longs earlier today for a decent gain. Just not liking the micro set-up here for immediate upside. Will reload lower, or when the picture clears.
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Hourly with adjusted wave degrees and revised white count. Targets for the green count unchanged:
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Jv200909. nick.holland78
Great, great road map! Thank you Nick! A pretty good cycle guy I know called a cycle low this am and went long for a short term rally. I would like to interpret this reversal as: iv complete and we are going up overbought with negative divergences to mid or high 32, then down to ii or even 2.
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Jv200909. nick.holland78
I have been watching this cycle guy for over 6 months now and have witnessed him nailing short term cycles all the time for gdx, oil, ibb, some currencies, etc. And I am not joking. I am not a subscriber (not yet). He posts for free once in a while. I want to send you a chart he posted which does not say much technically; but on this chart he indicates that according to his cycle work we are close to the primary 4 top. I know you don't like that; neither do I. Look for: pivottrader. Here is the link:

http://www.bullbeartalk.com/forum/lounge/2809-monday-august-1st-market-futures-edging-up-2.html
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Jv200909. Jv200909.
Today volume very low :( Hope we still can make it to 32-33 next couple of days
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Metals looks like 3-waves up today. I think miners may offer a pull-back too. Or not. IF this is the start of a heart of wave 3 it'll be evident pretty quickly. You can see the start of 3rd waves of various degrees on these charts. No mistaking the launch.
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Jv200909. nick.holland78
You mean a-b-c ?
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yes, 3-waves up consistent with a corrective b-wave. clear 5-up would indicate the 3rd is about to launch, potentially with shallow pull-back
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Jv200909. nick.holland78
Thanks for explaining Nick.
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