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Post by novie08 on May 14, 2015 16:17:00 GMT -5
DUST is one crazy pony!!! Still holding. You are one brave man...DUST is better; I thought you were in the 3x JDST. Just stay nimble. GL although of course I am LONG. GDXJ fell over this afternoon. You should be fine if there is no more bad news on the bond front just yet.
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Post by huh on May 14, 2015 16:34:10 GMT -5
When I bought DUST, I had only one concern and that was GDXJ. GDXJ has an even more bearish pattern, but it wasn't yet close to hitting the shoulder test line for the RS peak. It got close today. Was it close enough? I'll wait to see tomorrow (it too has an unfilled upside gap around it's 200dma). I think GDX & GDXJ are going to see lower lows. It's only a question if they'll test higher first, and if gold wants to test ~1300 again. JMO
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Post by birthmark on May 14, 2015 16:50:08 GMT -5
Thx Novie and Huh for the chart. I hear you Huh about testing higher. Timing is key with these 3x and I rushed mine. Got greedy!!!! I'll be more than happy to get out unscathed and re-enter. Like you I think it flushes but can I stand the heat until then? GL and thanks
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Post by novie08 on May 15, 2015 12:44:18 GMT -5
Nice pop if bought at lows on Wed. I have a small pos.
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Post by birthmark on May 19, 2015 9:28:38 GMT -5
Still holding DUST Think Gold falls the next 2 days. GL
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Post by jacksrbtr on May 19, 2015 13:57:09 GMT -5
Still holding DUST Think Gold falls the next 2 days. GL Big fat bastard red candle down today and with a gap down - you may be right GL!
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Post by jacksrbtr on May 20, 2015 9:11:05 GMT -5
I dunno WTH is going on with Continental but its up 7-8% today
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Post by jacksrbtr on May 20, 2015 9:12:48 GMT -5
I dunno WTH is going on with Continental but its up 7-8% today CORRECTION: WAS up 7-8% (now 6)
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Post by dino on May 20, 2015 12:09:43 GMT -5
CNL is pulling a Michael Jordan:
You cannot stop CNL, you can only hope to contain it.
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Post by walnut on May 20, 2015 12:34:39 GMT -5
CNL is pulling a Michael Jordan: You cannot stop CNL, you can only hope to contain it.
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Post by walnut on May 20, 2015 12:36:54 GMT -5
It is either a real breakout or a money pit. I don't know which, but i wish I'd bot it a week ago
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Post by birthmark on May 20, 2015 13:56:32 GMT -5
Took off half of my DUST earlier today at 13. Letting the other half ride.
GL
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Post by jacksrbtr on May 20, 2015 15:46:08 GMT -5
CNL is pulling a Michael Jordan: You cannot stop CNL, you can only hope to contain it. My guess is that that construction permit approval is being integrated into the pps I see or have heard no other reason for the pop (today another 10%) when the GDXJ was just up a measely 1-2%. In any event "Yay!"
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Post by jacksrbtr on May 20, 2015 15:56:18 GMT -5
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Post by jacksrbtr on May 20, 2015 16:00:03 GMT -5
Backed off of the 50% fib retrace...looking for 12-13 more 10% days in the next 1-2yrs thereby bringing it to the 12-13 area is that asking too much I ASK YOU?
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Post by birthmark on May 21, 2015 9:30:29 GMT -5
Sold my other half of DUST today at 13.30. Took the scenic route with this one but ended up nicely.
GL
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Post by birthmark on May 21, 2015 9:58:37 GMT -5
Watch it take off now! Huh-- do you play NUGT? I'm gonna wait to get back into DUST, maybe next week. You think Gold bounces and then drops thru the floor?
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Post by walnut on May 21, 2015 10:08:31 GMT -5
Its a dead cat-ty looking bounce, don't you think?
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Post by huh on May 21, 2015 10:17:32 GMT -5
Congrats on the trades BM! Nice hanging in there.
Yes, I've played NUGT. Playing NUGT/DUST versus GDX have been some of my best trades.
I still think gold will see 940 or so before it changes trend. But dollar looks as if it could nose dive soon. So gold could still see a little >1300 without breaking that downtrend. Hard to say if that'll happen though, so I may sit back and only short miners if it does get that high.
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Post by huh on May 21, 2015 10:30:37 GMT -5
Gold looks bearish here, but GDX & GDXJ both left upside gaps. Room perhaps for a quick fear spike?
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