With that in mind, I purchased NEWMONT GOLDCORP ( NEM ) $38.50 call options expiring this Friday (bought at $0.20)
I anticipate that NEW is in an that will rise to $39.35 or so tomorrow, fall back to touch the wave 1 high at $38.79, and then push to the $40+ level in wave 5 by the end of this week.
Let's see what happens...
Either way, I still think we're going up to test the $41.61 level. Anticipating that NEM will peak between $41.61 and the high at $41.08.
Let's see what happens :)
I don't really read other people's analysis (maybe I should). Interesting that many are predicting $1,400. It may get there but the timing and movements are the real question, in my mind!