Wednesday, October 1, 2014

[UUP] update.

The dollar has been on a tear and gold has been on a scare as a result.  But my count says it's time for a pull back in the dollar and thus a rally in metals and miners.  It should be a very nice rally for JNUG.  Below is the dollar chart (ETF UUP).  My best guess is that the waves will take the blue count: pull back to the 50 fib and fill that gap.  Then the 5th wave up begins.

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