JAY_c5velm

Miners...Ready, steady, go!

Long
JAY_c5velm Updated   
AMEX:GDXJ   VanEck Junior Gold Miners ETF
A new leg is on the march....
Based on the same Main Channel from the previous one, this one could last until the end of October.
If took more time to start...but that is nobody can foresee
So now, it is too early, and it's just a game, just a draft based on past performance (the last leg).
So past pattern is The Best to use as guide, because it´s more probable that market GDXJ behavior remains similar as market participants should be the same...or should have not changed too much.
Let see how it goes.


From Sweden....The Radio Dept (what a great band)
www.youtube.com/watch?v=srVfYz-v...




Comment:
I began to post just for entertainment, and I will continue that way. But i will like to thank those who commented previous idea. Maybe you don´t believe it, but trying to answer your questions and comments have make me better. And it's not a compliment only.
@zstocks
@handywoman9
@trex500
Thanks.
Trade active:
¡Salud amigos!
Trade active:
Patient. We have to wait until the new channel shows. We could have some more fall for a day or two without damaging anything for the bull case, and not far from today's low.
I didn't change my position.
Trade active:
I think we have already seen the bottom. So another move up will start tomorrow.
At some point the move should become the beginning of the up trend. The consolidation is taking time...that's why i didn't trade....
Now there is a gap at about 60 that should be filled. It could fall again and then move up, but always with HIGHER LOWS...and step by step trending up, until it flows.
So Patient should be rewarded at middle November.
Trade active:
I´m holding, for the record. Bottoming... No damage so far for the bull case.
Comment:
But we are at a crucial point. That I think it should hold. So I´m holding. Protect your money
Comment:
Who said it was easy? Never. Markets always takes us to the limit. We are at an important bottom. An is should hold, based on past performance. Because we are IN A BULL MARKET. That's the key.
So We should not fall from this level. There is no technical damage for the bull, unless it drops....like a waterfall, ans i don't think so.
Thinks should be clear at the close.
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