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CosmicDust
Feb 16, 2014 1:47 AM

NUGT - short term bearish call Short

Direxion Daily Gold Miners Index Bull 2XSharesArca

Description

Comparing with previous two short term tops, last several days of price action and technical divergences (unconfirmed higher high) seems to suggest it is developing into another short term top. So will hold onto my short position but will monitor the price actions in the next several days closely and have stop order in place (given that the weekly and daily trends are up.)
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