JDST is playing out the ending diagonal scenario that I wondered about
in this post. It has now broken out of the top rail with high volume and the gold shorts are all piling in at a time when the sentiment against metals is high with a rising dollar that has peaked for now. The normal course now will be to retrace the entire rising wedge as shown in red. The collapse should happen with significant speed.
On the flip side is JNUG which is just the inverse of JDST. If you want a shot a making a quick 50% without risk of the ETF defaulting on you, just short JDST. What do I mean by defaulting? I think these ETFs are still safe but they probably won't always be once the major credit crash begins. These are based on leverage like options and derivatives. When the crash becomes really bad, don't be surprised to see JNUG and JDST both default on the gamblers in them. But we aren't there yet so default is not a concern at this point. If you want more volatility, go long JNUG and get a chance to make 100% or more in 1 month. These wedges/diagonals often retrace their whole length.
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