Thursday, November 13, 2014

If JNUG begins selling soon after the open, watch JDST for an indication of how far it might go.

There is an open gap that JDST might want to fill before stepping into the next elevator shaft.  If JNUG begins to sell off in the AM trade, let them have it if it falls lower than today's low as it likely means they will try to fill that gap.  It could even go all the ay up to the prior 4th at ~$31.  After that I think it will be stepping into an elevator shaft while JNUG catches a big bid.  This could coincide with one more small wave up in the UUP ETF...


No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More