AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
161 12 4
Two impulsive interpretations here. The yellow sub-wave structure is much more bullish . There's no guarantee either play out until a solid 5-up forms and corrective retrace holds support. In other words, I'm just counting 3-waves up so far which could lead to another breakdown no matter how impressive this move appears so far. The yellow sub-waves into alt (i) isn't meant to correspond with formation off yellow (4) as opposed to green 2. The difference at this larger wave degree will only be clear after this presumed impulsive move completes.
Cycle low Monday, but maybe could come in today.
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Thanks
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Jv200909. nick.holland78
I wish Avi would exchange service with pivott. The two compliment each other.
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Jv200909. nick.holland78
I just posted at ElliottWaveTraders that I bought 26.47. I think this is the low.
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Saw that. Hope you're right.
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Jv200909. nick.holland78
:( didn't look right at the close anymore. Check the gdx sell volume is on the high side :( . Gld 3 black crows. Avi thinks one more 4/5. Saw Avi's last micro chart after I bought and his chart indicates this drop can go a bit lower. But so far I don't see anything disastrous except I went in a bit higher. Did you buy any today?
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Jv200909. nick.holland78
Oh, closing on the low. But most of all the daily indicators have been moving down for quite awhile and there are some important cycles lows ahead. I like that we are bouncing North soon in wave B but I m having trouble believing we are going to 30!! Elliottwavest need a cycle guy seriously, Nick.
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Jv200909. nick.holland78
I saw a 5 small waves up from 25.6 to 26.64. Does that mean more up tomorrow and will even take out today's high?
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Jv200909. Jv200909.
This afternoon drop was b tomorrow c
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Should be good for at least a 'pirate ninja' measured move, but even that is still below resistance for higher. Love to see a gap up and run...but been wanting that for weeks...
snapshot
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