So A great day. Jnug filled the gap (18.25) perfectly like I thought would happen. At that point, I sold my Dust and bought Jnug right away. Then the price target of $18.50 Jnug was nearly had for the end of day. I am expecting Jnug to move up to the upper part of the wedge next week. Then I will sell and re-enter Dust.
I am excited to also see that the correlation between Dust and Jnug has gotten better. There is still a problem with price direction around October 6 - 8. Through October, I am leaning towards the pink line being the most probable path. Then for November and 1st half of December, they are looking closely correlated. But then the ? is which is most correct for the second half of December through February 1st. For that, I am leaning towards the Blue arrow path. Maybe that's my bias wanting to make more money with the steeper move before they both show Jnug shooting up to $40 by March 18th.. We still have a lot of time for that to work its way out so I am not concerned.
I am excited to also see that the correlation between Dust and Jnug has gotten better. There is still a problem with price direction around October 6 - 8. Through October, I am leaning towards the pink line being the most probable path. Then for November and 1st half of December, they are looking closely correlated. But then the ? is which is most correct for the second half of December through February 1st. For that, I am leaning towards the Blue arrow path. Maybe that's my bias wanting to make more money with the steeper move before they both show Jnug shooting up to $40 by March 18th.. We still have a lot of time for that to work its way out so I am not concerned.
Comment:
SO just to update, I think jnug will go up this week and touch the upper black line of the wedge, around $22.80 maybe by Wed or Thursday before making its way down to the shaded box price target. But as for the following week, REMEMBER, October 7 is the day for the unemployment report. Typical trading for gold is nearly flat lined. The BBands are already narrowing and Oct 7th should be the break out day. My guess is that unemployment may tick up to 5% and boost gold and jnug one last time for the year. Maybe up to that $26 plus range. SO I guess I am changing my mind about the Pink path. Oh well. At least I changed my mind two weeks early rather than the day of. However, I have to be ready either way. So my funds have to be settled by that date. If I feel the unemployment report is going to be worse than expected, then I probably will buy Jnug about two days before the 7th. I am hopeing that jnug will touch the bottom of that wedge by the 4th or 5th and then crawl up to the center of that wedge by the 7th. That way, if I am wrong and the unemployment report is good, the drop wont hurt as bad and I can sell for a lot less of a loss. WE will see if this works out that way.