So I was bummed that gold took off after Japans non move. Oh well, Im still buying Jnug for the short ride up.
Just a brief update today. I have slightly moved my arrows (price movement). I also included the Fuschia colored and black vertical lines to mark DCL approx. dates and the Black vertical line are what I believe is ICL bottoms.
My Idea is that jnug is on its own cycle, similar to gold but not following it exactly. Just look at the comparison for price movement in August with Jnug vs spot gold. Interesting at the very least. It appears that Jnug completed its own ICL bottom. The ICL seem to be 4 - 5 1/2 month long. The shorter DCL seem to be 4 - 5 weeks. So I am simply toying with this idea.
I do not believe we will get past $23.40 range in the next couple days. That will be our top and then more chop, just like the chart shows. And even though it is way far out, I still think Jnug bottoms on Feb 1, the day I think the Fed raises rates. Then we take off to incredible and very lofty gains.
Just a brief update today. I have slightly moved my arrows (price movement). I also included the Fuschia colored and black vertical lines to mark DCL approx. dates and the Black vertical line are what I believe is ICL bottoms.
My Idea is that jnug is on its own cycle, similar to gold but not following it exactly. Just look at the comparison for price movement in August with Jnug vs spot gold. Interesting at the very least. It appears that Jnug completed its own ICL bottom. The ICL seem to be 4 - 5 1/2 month long. The shorter DCL seem to be 4 - 5 weeks. So I am simply toying with this idea.
I do not believe we will get past $23.40 range in the next couple days. That will be our top and then more chop, just like the chart shows. And even though it is way far out, I still think Jnug bottoms on Feb 1, the day I think the Fed raises rates. Then we take off to incredible and very lofty gains.
Commento:
Might top out at 23.25 instead of 23.45